Problema benchmark market value index is comprised of three, Ask an Expert

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Problem:

A benchmark market value index is comprised of three stocks. Yesterday the three stocks were priced at $24, $32, and $75. The number of outstanding shares for each is 680,000 shares, 580,000 shares, and 280,000 shares, respectively. If the stock prices changed to $28, $30, and $77 today respectively,

Required:

Question: What is the 1-day rate of return on the index?

3.79%
2.79%
5.99%
4.47%

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91149476

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