Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. suppose a stock index contains the stock of 3 firm

Suppose a stock index contains the stock of 3 firms A B and C. The...

50.1K

Verified Solution

Question

Finance

image
Suppose a stock index contains the stock of 3 firms A B and C. The stock prices for the three firms are $60, $51 and $72, respectively. The firms have 121 million, 130 million and 148 million shares outstanding, respectively if the index is price-weighted calculate its initial value cround your answer to 2 docimal plans)

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

Q

2). A particle moving on the x-axis has a time-dependent position (t) given by the equation...

Physics
Q

Provide the abbreviation of the following nucleotide 01 07 OH OH MP NH d AG...

Biology
Q

A 5.9 kg bag is held by a string to the ceiling as shown in...

Physics
Q

guide me through the steps and how do I create a pdf for those reports...

Accounting
Q

Last month Carlos Company had a $16,635 profit on sales of $338,900. Fixed costs are...

Accounting
Q

charlie roberts owns charlies pets, a small retail shop selling pet supplies, on december 31,2018...

Accounting
Q

A company, whose financial year end is 31 December, is authorised to issue 1 500...

Accounting
Q

Which of the following items is included in the journal entry if a company sells...

Accounting
Q

36. BREAK-EVEN ANALYSIS A furniture manufacturer can selll dining room tables for $500 apiece. The...

Accounting
Q

Entries for Costs in a Job Order Cost System a. Materials purchased on account, $636,560....

Accounting
Q

Target Market Product Pricing Place Strategy Promotion Target Marketing Pantene vs. Head and Shoulders Pantene...

Accounting
Q

9-10 Net present value Lepton Industries has three potential projects, all...

Finance