(6) A benchmark index has three stocks priced at $23, $43, and $56. The number of outstanding shares for each is 350,000 shares, 405,000 shares, and 553,000 shares, respectively. If the market value...

(6) A benchmark index has three stocks priced at $23, $43, and $56. The number of outstanding<br>shares for each is 350,000 shares, 405,000 shares, and 553,000 shares, respectively. If the<br>market value weighted index was 970 yesterday and the prices changed to $23, $41, and $58<br>what is the new index value?<br>A) 960<br>B) 970<br>C) 975<br>D) 985<br>

Extracted text: (6) A benchmark index has three stocks priced at $23, $43, and $56. The number of outstanding shares for each is 350,000 shares, 405,000 shares, and 553,000 shares, respectively. If the market value weighted index was 970 yesterday and the prices changed to $23, $41, and $58 what is the new index value? A) 960 B) 970 C) 975 D) 985

Jun 03, 2022

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(6) A benchmark index has three stocks priced at $23, $43, and $56. The number of outstanding shares for each is 350,000 shares, 405,000 shares, and 553,000 shares, respectively. If the market value...

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