Waec Model Questions Vol1 2019 Commerce Question 27
Practice objective / multiple choice question 27 from the 2019 Waec Model Questions Vol1 Commerce examination.
The Nigerian Stock Exchange uses a market‑capitalisation weighted index. The base‑period index value is 1000. The following data are given:\n\nBase period (Year 0) - shares outstanding and price per share:\n- Company X: 2,000,000 shares, price ₦50\n- Company Y: 1,500,000 shares, price ₦80\n- Company Z: 3,000,000 shares, price ₦30\n\nCurrent period (Year 1) - price per share:\n- Company X: ₦55\n- Company Y: ₦72 (the company underwent a 2‑for‑1 stock split during the year; after the split the price is ₦36 and the number of shares doubles)\n- Company Z: ₦33\n\nCalculate the current index value (to two decimal places).
Answer Options
About This Question
This is Waec Model Questions Vol1 2019 Commerce Question 27. It is one of the objective questions from the 2019 Waec Model Questions Vol1 Commerce examination.
Difficulty level: Hard .
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.