Question: An index is based on three stocks. Using the information in the table below, calculate the index return assuming it is value-weighted . Stock Initial
An index is based on three stocks. Using the information in the table below, calculate the index return assuming it is value-weighted.
| Stock | Initial Price | Final Price | Shares (in (millions) |
| A | $10 | $12 | 30 |
| B | $250 | $240 | 1 |
| C | $100 | $105 | 5 |
Report your answer as a percentage and to the nearest 0.01% (e.g. enter 3.95% as 3.95).
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