An analyst gathered the following data about stocks J. K. L which together form a value weighted
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Question:
An analyst gathered the following data about stocks J. K. L which together form a value weighted index:
December 31, Year 1 December 31, Year 2
Stock Price Shares outstanding Price Shares Outstanding
J 50 10,000 $60 10,000
K 40 8,000 $30 16,000
L 50 12,000 $40 12,000
Calculate the ending value-weighted index (base index = 100), and briefly explain what it means. Provide your answer up to 2 decimal points.
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