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A benchmark index has three stocks priced at $31, $54, and $64. The number of outstanding shares for each is 390,000 shares, 485,000 shares, and

A benchmark index has three stocks priced at $31, $54, and $64. The number of outstanding shares for each is 390,000 shares, 485,000 shares, and 633,000 shares, respectively. If the market value weighted index was 830 yesterday and the prices changed to $31, $51, and $67 today, what is the new index value? O 825 820 835 830

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