Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. suppose stocks a, b and c are the only three compo

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

50.1K

Verified Solution

Question

Finance

image

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 380,000 shares, 325,000 shares, and 222,000 shares, respectively. The prices of Stocks A, B and C for Days 1, 2, 3 and 4 are given in the table below: If the benchmark value-weighted index was 1573.62 on Day 1, the benchmark value-weighted index on Day 4 was (Note: Answer must be correct to 2 decimal places, but you may leave your answer with more than 2 decimal places.)

Answer & Explanation Solved by verified expert
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!
Become a Member

Other questions asked by students