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A benchmark index has three stocks priced at $27, $50, and $60. The number of outstanding shares for each is 370,000 shares, 445,000 shares, and
A benchmark index has three stocks priced at $27, $50, and $60. The number of outstanding shares for each is 370,000 shares, 445,000 shares, and 593,000 shares, respectively. If the market value weighted index was 800 yesterday and the prices changed to $27, $47, and $63, what is the new index value?
790 | |
800 | |
805 | |
795 |
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