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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 sh

Question

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

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Mathematics
3 years
2021-09-02T06:53:48+00:00
2021-09-02T06:53:48+00:00 2 Answers
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## Answers ( )

Answer:C

Step-by-step explanation:$70,400

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