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A benchmark index has three stocks priced at $24, $44, and $57. The number of outstanding shares for each is 355,000 shares, 415,000 shares, and
A benchmark index has three stocks priced at $24, $44, and $57. The number of outstanding shares for each is 355,000 shares, 415,000 shares, and 563,000 shares, respectively. If the market value weighted index was 910 yesterday and the prices changed to $24, $42, and $59 today, what is the new index value?
A.915
B.910
C.900
D.905
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