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Pluto Ltd. and Mercury Ltd. saw their shares close at the following prices on the following dates. Total Shares Outstanding Closing Price April 1

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Pluto Ltd. and Mercury Ltd. saw their shares close at the following prices on the following dates. Total Shares Outstanding Closing Price April 1 Closing Price April 2 Company Pluto Ltd. Mercury Ltd. 9,000,000 5,700,000 $90.80 $15.20 $93.60 $16.20 a. Assume that neither company issued any shares on either date. In terms of percentage points, what was the daily change in a price weighted index of these two stocks? (2 points) Number b. Assume that neither company issued any shares on either date. In terms of percentage points, what was the daily change in a market value weighted index of these two stocks, assuming a divisor of 5,000,000? (2 points) Number

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