A price weighted stock index has stocks AAC, BZF, and CHO in it. It is at 550 on 21-Oct-2019. CHO is replaced at the end of day trading on 22-Oct-2019 with DIY. What is the value of the index on 22-Oct-2019 (take the answer to 2 decimal places)? AAC BZF CHO DIY 21-Oct-19 22-Oct-19 $75.00 $80.00 $150.00 $140.00 $10.00 $12.00 $106.00 $107.00 23-Oct-19 $82.00 $135.00 $8.00 $104.00 Shares Outstanding (in thousands) 1,000 800 50,000 8,000
A price weighted stock index has stocks AAC, BZF, and CHO in it. It is at 550 on 21-Oct-2019. CHO is replaced at the end of day trading on 22-Oct-2019 with DIY. What is the value of the index on 22-Oct-2019 (take the answer to 2 decimal places)? AAC BZF CHO DIY 21-Oct-19 22-Oct-19 $75.00 $80.00 $150.00 $140.00 $10.00 $12.00 $106.00 $107.00 23-Oct-19 $82.00 $135.00 $8.00 $104.00 Shares Outstanding (in thousands) 1,000 800 50,000 8,000
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
![A price weighted stock index has stocks AAC, BZF, and CHO in it. It is at 550 on
21-Oct-2019. CHO is replaced at the end of day trading on 22-Oct-2019 with
DIY.
What is the value of the index on 22-Oct-2019 (take the answer to 2 decimal
places)?
AAC
BZF
CHO
DIY
21-Oct-19
$75.00
$150.00
$10.00
$106.00
22-Oct-19
$80.00
$140.00
$12.00
$107.00
23-Oct-19
$82.00
$135.00
$8.00
$104.00
Shares Outstanding
(in thousands)
1,000
800
50,000
8,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F30c11fcf-8141-4309-b21a-50a6699771f0%2F8db1628d-4381-4a29-b41f-4a2cc3088ffe%2F96r5m9k_processed.jpeg&w=3840&q=75)
Transcribed Image Text:A price weighted stock index has stocks AAC, BZF, and CHO in it. It is at 550 on
21-Oct-2019. CHO is replaced at the end of day trading on 22-Oct-2019 with
DIY.
What is the value of the index on 22-Oct-2019 (take the answer to 2 decimal
places)?
AAC
BZF
CHO
DIY
21-Oct-19
$75.00
$150.00
$10.00
$106.00
22-Oct-19
$80.00
$140.00
$12.00
$107.00
23-Oct-19
$82.00
$135.00
$8.00
$104.00
Shares Outstanding
(in thousands)
1,000
800
50,000
8,000
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