Question
In: Finance
Calculate a Standard& Poor's Index for days 1 through 5 using a beginning index value of 10. Do not round intermediate calculations
Problem 4-05
| PRICE | SHARES | |||||||||||
| Company | A | B | C | A | B | C | ||||||
| Day 1 | $14 | $25 | $51 | 550 | 380 | 280 | ||||||
| Day 2 | 11 | 21 | 59 | 550 | 380 | 280 | ||||||
| Day 3 | 13 | 50 | 52 | 550 | 190a | 280 | ||||||
| Day 4 | 10 | 51 | 25 | 550 | 190 | 560b | ||||||
| Day 5 | 12 | 50 | 26 | 550 | 190 | 560 | ||||||
| aSplit at close of day 2. bSplit at close of day 3. | ||||||||||||
Calculate a Standard& Poor's Index for days 1 through 5 using a beginning index value of 10. Do not round intermediate calculations. Round your answers to three decimal places.
Day 1:
Day 2:
Day 3:
Day 4:
Day 5:
Solutions
Expert Solution
Index = Current Market capital * Previous day index / Previous day market capital
And there is no impact of split shares because market capital is calculated by numbers of shares*market price
jeff jeffy answered 2 years agoRelated Solutions
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9
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