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If an Investor Invested $1,000 in the NYSE Index on January

Question 25

Multiple Choice

If an investor invested $1,000 in the NYSE index on January 1,1927 and reinvested all dividends in that portfolio,the investor would have approximately __________ at the end of 1978 as an investor who put $1,000 into 30-day commercial paper or 30-day T-bills and rolled the proceeds over each month over the same time period.


A) twice as much
B) 19 times as much
C) 43 times as much
D) 240 times as much
E) none of these

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