Suppose Stocks A, B and C are the only three component stocks in a benchmark index....

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Suppose Stocks A, B and C are the only three component stocks in a benchmark index. The number of shares outstanding of Stocks A, B and C are 388,000 shares, 312,000 shares, and 249,000 shares, respectively. The prices of Stocks A, B and C for Days 1, 2, 3 and 4 are given in the table below: Stock A Stock B Stock C Day 1 31.47 42.58 81.15 Day 2 31.62 44.81 77.77 Day 3 33.12 44.39 80.63 Day 4 34.72 42.93 78.60 If the benchmark price-weighted index was 1553.49 on Day 1, the benchmark price-weighted index on Day 4 would be (Note: Answer must be correct to 2 decimal places, but you may leave your answer with more than 2 decimal places.) Suppose Stocks A, B and C are the only three component stocks in a benchmark index. The number of shares outstanding of Stocks A, B and C are 388,000 shares, 312,000 shares, and 249,000 shares, respectively. The prices of Stocks A, B and C for Days 1, 2, 3 and 4 are given in the table below: Stock A Stock B Stock C Day 1 31.47 42.58 81.15 Day 2 31.62 44.81 77.77 Day 3 33.12 44.39 80.63 Day 4 34.72 42.93 78.60 If the benchmark price-weighted index was 1553.49 on Day 1, the benchmark price-weighted index on Day 4 would be (Note: Answer must be correct to 2 decimal places, but you may leave your answer with more than 2 decimal places.)

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To calculate the benchmark priceweighted index on Day 4 we need to first calculate the t... View the full answer