8. A benchmark index has three stocks priced at $23, $43, and $56. The number of...
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8. A benchmark index has three stocks priced at $23, $43, and $56. The number of outstanding shares for each is 350000 shares, 405000 shares, and 553000 shares, respectively. Suppose the price of these three stocks changed to $23, $51, and $58 and number of outstanding shares did not change, what is the price-weighted index return? 8. A benchmark index has three stocks priced at $23, $43, and $56. The number of outstanding shares for each is 350000 shares, 405000 shares, and 553000 shares, respectively. Suppose the price of these three stocks changed to $23, $51, and $58 and number of outstanding shares did not change, what is the price-weighted index return?
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To calculate the priceweighted index return we need to follow these steps Step 1 Calculate the initi... View the full answer
Related Book For
Financial Accounting
ISBN: 978-1259103285
5th Canadian edition
Authors: Robert Libby, Patricia Libby, Daniel Short, George Kanaan, M
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