Check My Work eBook Problem 4-02 You are given the following information regarding prices for...
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Check My Work eBook Problem 4-02 You are given the following information regarding prices for a sample of stocks. Stock T T + 1 A $66 $78 Number of Shares 3,900,000 13,000,000 29,000,000 B 26 38 C 16 22 a. Construct an equal-weighted index by assuming $1,000 is invested in each stock. What is the percentage change in wealth for this portfolio? Do not round intermediate calculations. Round your answer to two decimal places. % b. Compute the percentage of price change for each of the stocks. Do not round intermediate calculations. Round your answers to two decimal places. Stock A: % Stock B: % Stock C: % Compute the arithmetic mean of these percentage changes. Do not round intermediate calculations. Round your answer to two decimal places. % c. Compute the geometric mean of the percentage changes in Part b. Do not round intermediate calculations. Round your answer to two decimal places. % PRICE
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