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Utilizing the equal weighted series calculate the index values for each day for the market below....

Utilizing the equal weighted series calculate the index values for each day for the market below.

closing prices Number of outstanding shares(milions)
A B C A B C
1st jan 2020 200 400 300 100 200 100
2nd jan 2020 250 420 180 100 200 200
3rd jan 2020 270 450 80 100 600 200

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Equally weighted series is calculated as taking the average of the percentage change in the price of each stock and increasing/decreasing the prior day's index value by that average percentage. Assuming that 1st Jan 2020 is the base date, the index value is taken to be 100. The index values are calculated as follows:

jeff jeffy answered 2 years ago
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