9)A benchmark index has three stocks priced at $39, $62, and $72. The number of outstanding shares for each is 430,000 shares, 565,000 shares, and 713,000 shares, respectively. If the market value weighted index was 900 yesterday and the prices changed to $39, $58, and $76 today, what is the new index value?

Multiple Choice

• 890

• 900

• 905

• 895

  10) A T-bill quote sheet has 90-day T-bill quotes with a 4.92 ask and a 4.86 bid. If the bill has a $10,000 face value, an investor could sell this bill for _____.

• $9,880.16

• $10,000

• $9,878.50

• $9,877.00