Question: >> Question 2 2 points Save Answer Suppose a stock index contains the stock of 3 firms. A, B and C. The stock prices for

 >> Question 2 2 points Save Answer Suppose a stock index

>> Question 2 2 points Save Answer Suppose a stock index contains the stock of 3 firms. A, B and C. The stock prices for the threo firms are $65, $72 and $23, respectively. The firms have 129 million, 66 million and 151 million shares outstanding, respectively. If the index is value-weighted, calculate its initial value. (round your answer to 2 decimal places)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!