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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Huyền Thanh 5 months 2021-09-02T06:53:48+00:00 2 Answers 15 views 0

Answers ( )

    0
    2021-09-02T06:55:01+00:00

    Answer:

    C

    Step-by-step explanation:

    $70,400

    0
    2021-09-02T06:55:30+00:00

    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

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