Assume that you want to re-index with the index value at the beginning of the year equal to 100. What is the index level at the end of the year? (Round your answer to 2 decimal places.)
|Shares Outstanding||Price per Share Beginning of Year||Price per Share End of Year:|
|Kirk Inc.: 44,000||$73||$81|
|Picard Co.: 30,500||114||122|
A stock index is the weighted average value of the stocks that constitute the index. For example, S&P 500 tracks the movement of the stocks of 500 stocks that are included in that index.
Answer and Explanation:
Formula on calculating the Index value is as follows:
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from Business 110: Business MathChapter 7 / Lesson 1