Question
A benchmark index has three stocks priced at $25, $48, and $58. The number of outstanding shares for each is 360,000 shares, 425,000 shares, and
| A benchmark index has three stocks priced at $25, $48, and $58. The number of outstanding shares for each is 360,000 shares, 425,000 shares, and 573,000 shares, respectively. If the market value weighted index was 960 yesterday and the prices changed to $25, $46, and $60, what is the new index value? |
| 951 | |
| 960 | |
| 965 | |
| 955 |
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Quantitative Financial Risk Management
Authors: Constantin Zopounidis, Emilios Galariotis
1st Edition
1118738187, 978-1118738184
