The market consists of the following stocks.Their prices and number of shares are as follows:
a.If the price of Stock C doubles to $60,what is the percentage increase in the market if an S&P 500 type of measure of the market is used?
b.Repeat question (a)but use a Value Line type of measure of the market (i.e.,a geometric average)to determine the percentage increase.
c.Suppose the price of stock B doubled instead of stock C.How would the market have fared using the aggregate measures employed in (a)and (b)? Why are your answers different?
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b.Value Line uses a geometric avera...
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