tina_dzw

关于price-weighted index.

假如stock X, Y, Z 价格分别为4，3，5, number of stocks 分别为8,6,10.price-weighted index=(4+3+5)/(8+6+10)=0.5。如果stock X拆分了，stock X价格就变成2了，计算新的price-weighted indexs=(2+3+5)/(16+6+10)=0.3125，所以变小了。

我现在都不知道我的这种计算方法是不是正确了，当时还很肯定，现在没底了。

see any comments, dear study mates....

obscurer

其实我觉得这题四个选项好象都有问题的，哎

obscurer

c says: stock's return is less than market return etc...  since the other 3 is obviously wrong, so I choose C too.

snakejin

i dont know....

[此贴子已经被作者于2007-12-4 1:11:58编辑过]

snakejin

QUOTE:

以下是引用路西菲尔在2007-12-3 15:08:00的发言：
第三个是对的 beta<1

i dont know...

[此贴子已经被作者于2007-12-4 1:03:50编辑过]

路西菲尔

QUOTE:

以下是引用snakejin在2007-12-3 15:24:00的发言：

oh, yeah, i remember now i did not choose D, but could u explain why u choose C in detail as i need to remind about the question...thx

事实上，我也记不清题目的准确面貌了。。。但是我选的是C没错，用的是排除法。。。因为其它三个选项的错误实在太明显了 = =

snakejin

QUOTE:

以下是引用路西菲尔在2007-12-3 15:19:00的发言：

我只能遗憾的说，楼上的你记错了。。

i dont know...

[此贴子已经被作者于2007-12-4 1:13:32编辑过]

nikko

as far as i know, questions maybe different for different set of question books.

ccarmen

QUOTE:

以下是引用cathytutu在2007-12-3 14:37:00的发言：

Maybe I can't agree on this.

Notes stated that price-weighted index tends to be baised downward as large growth companies may issue stock-split which downwards price-weighted index.

Also, after stock-split, stock prices decrease which leads to lower price-weighted index.

Welcome for any comment.

[em01]

Sorry, I cann't agree with you too.

The Shwester notes fail to include a concept called 'divisor'.

To get the price-weighted index, sum up the prices of the stocks in the index and then divide that number by a divisor. Remember, this divisor is not simply the number of different stocks included in the index and should be changded to maintain the continuity of the index bafore and after a stock split.  How can you emagine DJI changes a lot just because a stock split of a single stock?

This content is in the Reading Material 56, not the notes.

hehe, so i chose the unchanged answer.

路西菲尔

我只能遗憾的说，楼上的你记错了。。