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USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S)
Stocks W and X had 2 for 1 splits after the close on Dec 31, 2003.
-Refer to Exhibit 4.5. Calculate the unweighted index (geometric mean) for Dec 31, 2004. Assume a base index value of 100. The base year is Dec 31, 2003.
Discounted
The process of determining the present value of a future amount by applying a discount rate.
Present Value
The current value of a future sum of money or stream of cash flows, discounted at a specified rate of return.
Present Value
The current worth of a future sum of money or stream of cash flows, given a specified rate of return or discount rate.
Discounting
The process of determining the present value of future cash flows by applying a discount rate.
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