Multiple Choice
A benchmark market value index is comprised of three stocks.Yesterday the three stocks were priced at $12,$20,and $60.The number of outstanding shares for each is 600,000 shares,500,000 shares,and 200,000 shares,respectively.If the stock prices changed to $16,$18,and $62 today respectively,what is the one day rate of return on the index?
A) 5.78%
B) 4.35%
C) 6.16%
D) 7.42%
Correct Answer:
Verified
Correct Answer:
Verified
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