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Problem:

You are given the following total market value for an index over a five-year period. Assuming the index starts at 1,000, calculate the index value each year. (Round your answer to 2 decimal places.)

Market value of the stocks

Year 1: 3,654 million

Year 2: 3,732 million

Year 3: 4,093 million

Year 4: 3,893 million

Year 5: 4,442 million

Note: Explain all steps comprehensively.

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M91148137

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