You are given the following information regarding prices for a sample of stocks. PRICE Stock Number of
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Question:
You are given the following information regarding prices for a sample of stocks.
PRICE | ||||||
Stock | Number of Shares | T | T + 1 | |||
A | 1,500,000 | $78 | $90 | |||
B | 11,000,000 | 26 | 41 | |||
C | 28,000,000 | 15 | 28 |
Construct a price-weighted index for these three stocks, and compute the percentage change in the index for the period from T to T + 1. Do not round intermediate calculations. Round your answer to two decimal places.
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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