Question
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
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 and the equal-weighted index is 960 today and the prices changed to $23, $41, and $58 tomorrow, then what is the new index value tomorrow?
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International Finance Theory And Policy
Authors: Steven Michael Suranovic
1st Edition
193612646X, 9781936126460
