A price-weighted index is composed of 3 stocks. Stock A is trading at $221, stock B at
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Question:
A price-weighted index is composed of 3 stocks. Stock A is trading at $221, stock B at $51 and stock C at $42. One year later, stock A is now worth $159, stock B is $71, and stock C is $45. Neither of the 3 stocks paid any dividends. The total return for this index is closest to:
A. -12.42%
B. 18.15%
C. -14.18%
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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