Multiple Choice
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 today, what is the new index value?
A) 960
B) 970
C) 975
D) 985
Correct Answer:
Verified
Correct Answer:
Verified
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