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

C

Step-by-step explanation:

\$70,400

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