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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,
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 price weighted index is 960 today. When the prices change to $23, $41, and $60.5 tomorrow, then what is the new index value tomorrow? 975 0960 985 970 980
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