Homework question Question 20Suppose a stock index contains the stock of 3 firms: A, B and C. The stock prices for the three firms are $36, $21 and $44, respectively. The firms have 131 million, 170 million and 194 million shares outstanding, respectively. If theindex is value-weighted, calculate its initial value. (round your answer to 2 decimal places)Moving to another question will save this response.Question 20 c

Given: Firms Stock Price Shares outstanding A $36 131 B $21 170 C $44 194

Suppose a stock index contains the stock of 3 firms A, B and C. The stock prices for the three firms are $36, $21 and $44, respectively. The firms have 131 million, 176 million and 194 index is value-weighted, calculate its initial value. (round your answer to 2 decimal places)

Suppose a stock index contains the stock of 3 firms A, B and C. The stock prices for the three firms are $36, $21 and $44, respectively. The firms have 131 million, 176 million and 194 index is value-weighted, calculate its initial value. (round your answer to 2 decimal places)

Fundamentals of Financial Management, Concise Edition (with Thomson ONE - Business School Edition, 1 term (6 months) Printed Access Card) (MindTap Course List)

8th Edition

ISBN:9781285065137

Author:Eugene F. Brigham, Joel F. Houston

Publisher:Eugene F. Brigham, Joel F. Houston

Chapter8: Risk And Rates Of Return

Section: Chapter Questions

Problem 4DQ: Select one of the four stocks listed in Question 3 by entering the companys ticker symbol on the...

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