Suppose a stock index contains the stock of 3 firms A, B and C. The stock prices for the three firms are $36, $21 and $44, respectively. The firms have 131 million, 176 million and 194 index is value-weighted, calculate its initial value. (round your answer to 2 decimal places)
Suppose a stock index contains the stock of 3 firms A, B and C. The stock prices for the three firms are $36, $21 and $44, respectively. The firms have 131 million, 176 million and 194 index is value-weighted, calculate its initial value. (round your answer to 2 decimal places)
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
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Suppose a stock index contains the stock of 3 firms: A, B and C. The stock prices for the three firms are $36, $21 and $44, respectively. The firms have 131 million, 170 million and 194 million shares outstanding, respectively. If the
index is value-weighted, calculate its initial value. (round your answer to 2 decimal places)
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