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A benchmark index has three stocks priced at $15, $18, and $60. The number of outstanding shares for each is 600,000 shares, 500,000 shares, and
A benchmark index has three stocks priced at $15, $18, and $60. The number of outstanding shares for each is 600,000 shares, 500,000 shares, and 200,000 shares, respectively. If the market value weighted index was 1021 yesterday and the prices changed to $20, $21, and $55, what is the new index value?
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1110
1120
1130
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