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Suppose there is a simple index of three stocks, stock X, stock Y, and stock Z.
Stock X opens the day with 5000 shares at $4.30 per share. Stock Y opens
the day with 2000 shares at $3.20 per share. Stock Z opens the day with 8000
shares at $4.90 per share. This simple index rises 4.9% over the course of the
day. What is the value of the index at the end of the day? Round your answer
to the nearest hundred.
A. $68,700
B. $67,100
C. $70,400
D. $68,300

Respuesta :

vihankalsi

Answer:

C

Step-by-step explanation:

so the first one ends at 4.7107

the second- 3.3568

the third- 5.1401

and multiplying the first by 5000 we get- 23,553.5

for the second we get -6,713.6

for the third we get 41,120

adding them all together we get 71,387.1

and so C is the closest

The  value of the index at the end of the day should be considered as the $70,400.

Calculation of the value of the index:

Since

Stock X opens the day with 5000 shares at $4.30 per share.

Stock Y opens the day with 2000 shares at $3.20 per share.

Stock Z opens the day with 8000 shares at $4.90 per share.

This simple index rises 4.9% over the course of the day.  

So ,

[tex]= (5,000 \times \$3.4) + (2,000 \times \$3.20) + (8,000 \times $4.90) * 1.0.49[/tex]

= $70,400

hence, The  value of the index at the end of the day should be considered as the $70,400.

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