In: Finance
Consider the three stocks in the following table. Pt represents price at time t, and Qt represents shares outstanding at time t. Stock C splits two-for-one in the last period.
P0 | Q0 | P1 | Q1 | P2 | Q2 | |
A | 90 | 100 | 95 | 100 | 100 | 100 |
B | 50 | 200 | 45 | 200 | 35 | 200 |
C | 100 | 200 | 110 | 200 | 55 | 400 |
What will the index be in day 2? (Hint: stock split happens in the evening. Do not round intermediate calculations. Round your answer to 2 decimal places.)