Question
A benchmark index has three stocks priced at $28, $51, and $61. The number of outstanding shares for each is 375,000 shares, 455,000 shares, and
A benchmark index has three stocks priced at $28, $51, and $61. The number of outstanding shares for each is 375,000 shares, 455,000 shares, and 603,000 shares, respectively. If the market value weighted index was 820 yesterday and the prices changed to $28, $48, and $64 today, what is the new index value?
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Basic Finance An Introduction To Financial Institutions, Investments And Management
Authors: Herbert B Mayo
9th Edition
0324322291, 9780324322293
