Solutions to Chapter 1

Quarter Average price of stocks in market Index (using DJIA method) Total market value of stocks Index (using S&P method) 1 875.83 100 663,736 100 2 857.50 97.91 654,456 98.60 3 906.67 103.52 691,336 104.16 4 911.67 104.09 685,256 103.24 8. a. For the period 1900-2007, Average rate of return = 11.6% (See Table 11-1) b. ................
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