A Benchmark Market Value Index Is Comprised of Three Stocks

question 60

Multiple Choice

A benchmark market value index is comprised of three stocks. Yesterday the three stocks were priced at $12, $20, and $60. The number of outstanding shares for each is 600,000 shares, 500,000 shares, and 200,000 shares, respectively. If the stock prices changed to $16, $18, and $62 today respectively, what is the 1-day rate of return on the index?

• A) 5.78%
• B) 4.35%
• C) 6.16%
• D) 7.42%

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Definitions:

JOptionPane.PLAIN_MESSAGE

A constant in the JOptionPane class used to display a plain, no-icon message dialog in Java Swing.

System.out.println()

A method in Java that outputs a line of text to the console or standard output stream.

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A method in Java used for formatted console output, allowing the user to write formatted data to the system's standard output.

Relational Operator

An operator used in programming languages to compare two values or expressions, such as ==, !=, >, <, >=, <=.