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15 May, 12:35

Suppose there is a simple index of three stocks, stock ABC, stock XYZ, and

stock QRS. Stock ABC opens on day 1 with 5000 shares at $3.25 per share.

Stock XYZ opens on day 1 with 500 shares at $8.25 per share. Stock QRS

opens on day 1 with 10,000 shares at $4.75 per share. The price of stock ABC

on day 8 begins at $2.80. The price of stock XYZ on day 8 begins at $7.50.

Stock QRS opens on day 8 with a price of $4.10 per share. Assume that each

stock has the same number of shares that it opened with on day 1. What is

the rate of change of this simple index over 1 week?

A. - 15.5%

B. - 13.4%

c. 15.5%

D. 13.4%

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Answers (1)
  1. 15 May, 13:28
    0
    Answer: - 13.4%
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