Question
A benchmark index has three stocks priced at $36, $59, and $69. The number of outstanding shares for each is 415,000 shares, 535,000 shares, and
A benchmark index has three stocks priced at $36, $59, and $69. The number of outstanding shares for each is 415,000 shares, 535,000 shares, and 683,000 shares, respectively. If the market value weighted index was 980 yesterday and the prices changed to $36, $56, and $72 today, what is the new index value?
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Payroll Accounting 2016
Authors: Bernard J. Bieg, Judith Toland
26th edition
978-1305665910, 1305665910, 1337072648, 978-1337072649
