A benchmark price weighted index is comprised of three stocks. Yesterday the three stocks were...
60.1K
Verified Solution
Link Copied!
Question
Accounting
A benchmark price weighted index is comprised of three stocks. Yesterday the three stocks were priced at $8, $12, and $15. The number of outstanding shares for each is 208,347 shares, 96,797 shares, and 197,444 shares, respectively. If the stock prices changed to $6, $18, and $19 today respectively, what is the 1-day rate of return on the index?
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.