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You are given the following total market values for an index over a five-year period. Assuming the index starts at 1,000, calculate the index value each year. Note: Do not round intermediate calculations. Round your answers to 2 decimal places. Market values Year 1: $4,687 million Year 2: $4,787 million Year 3: $5,148 million Year 4: $4,936 million Year 5: $5,485 million Index values

You are given the following total market values for an index over a five-year period. Assuming the index starts at 1,000, calculate the index value each year. Note: Do not round intermediate calculations. Round your answers to 2 decimal places. Market values Year 1: $4,687 million Year 2: $4,787 million Year 3: $5,148 million Year 4: $4,936 million Year 5: $5,485 million Index values

Essentials Of Investments
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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Problem 5-8 Reindexing (LO4, CFA2) You are given the following total market values for an index over a five-year period. Assuming the index starts at 1,000, calculate the index value each year. Note: Do not round intermediate calculations. Round your answers to 2 decimal places. Market values Year 1: $4,687 million Year 2: $4,787 million Year 3: $5,148 million Year 4: $4,936 million Year 5: $5,485 million Index values
Transcribed Image Text:Problem 5-8 Reindexing (LO4, CFA2) You are given the following total market values for an index over a five-year period. Assuming the index starts at 1,000, calculate the index value each year. Note: Do not round intermediate calculations. Round your answers to 2 decimal places. Market values Year 1: $4,687 million Year 2: $4,787 million Year 3: $5,148 million Year 4: $4,936 million Year 5: $5,485 million Index values
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