Asimple index of three stocks opens the day with these values:
[name] [number of shares] [price per share]
stock x 2000 shares $3.80
stock y 1000 shares $3.50
stock z 3000 shares $4.30
the index rises 5.4% over the course of the day. what is the value of the index at the end of the day? round your answer to the nearest hundred.
a. $25,800
b. $24,000
c. $25,300
d. $24,600

Western electric has 32,000 shares of common stock outstanding at a price per share of $79 and a rate of return of 13.00 percent. the firm has 7,300 shares of 7.80 percent preferred stock outstanding at a price of $95.00 per share. the preferred stock has a par value of $100. the outstanding debt has a total face value of $404,000 and currently sells for 111 percent of face. the yield to maturity on the debt is 8.08 percent. what is the firm's weighted average cost of capital if the tax rate is 39 percent?