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Category > Business & Finance Posted 17 May 2017 My Price 12.00

A benchmark market value index is comprised of three stocks

 

A benchmark market value index is comprised of three stocks. Yesterday the three stocks were priced at $10, $18, and $40. The number of outstanding shares for each is 610,000 shares, 510,000 shares, and 210,000 shares, respectively. If the stock prices changed to $14, $16, and $42 today respectively, what is the 1-day rate of return on the index?

 
A 6.00%
B 12.62%
C 7.77%
D 9.29%
 

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Status NEW Posted 17 May 2017 09:05 AM My Price 12.00

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