Question

Three stocks have share prices of $23, $80, and $50 with total market values of $470 million, $420 million, and $220 million, respectively. If you were to construct a price-weighted index of the three stocks, what would be the index value

Answer 1

51

Step-by-step explanation:

Calculation for what would be the index value

Index = ($23 + $80 + $50)/3

Index=$153/3

Index= 51

Therefore what would be the index value is 51