Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Pluto Ltd. and Mercury Ltd. saw their shares close at the following prices on the following dates. Total Shares Outstanding Closing Price April 1
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
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started