FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A benchmark Index has three stocks priced at $37, $60 and $70. The number of outstanding shares for each is 420,000 shares, 545,000 shares, and

image text in transcribed
A benchmark Index has three stocks priced at $37, $60 and $70. The number of outstanding shares for each is 420,000 shares, 545,000 shares, and 693,000 shares, respectively. If the market value weighted index was 880 yesterday and the prices changed to $37, $56, and $74 today, what is the new Index value? Multiple Choice 885 a 870 875 880

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Finance Applications And Theory

Finance Applications And Theory

Authors: Marcia Cornett, Troy Adair, John Nofsinger

5th Edition

1260013987, 9781260013986

More Books

Students also viewed these Finance questions

Question

★★★★★
Suppose a not-for-profit entity purchases short-term highly liquid investments using resources that have donor-imposed restrictions that restrict their use to long-term investment purposes. In...

Answered: 1 week ago

Question

★★★★★
In which of Selyes stages is death a possible outcome? a. exhaustion b. alarm c. resistance d. reaction

Answered: 1 week ago

Question

★★★★★
The information in Figures 10.20 and 10.21 are based on the ICU data set. Figure 10.23 results from fitting the logistic regression interaction model with vital status (STA) as the response variable...

Answered: 1 week ago

Question

★★★★★
Preparing an Income Statement, Statement of Retained Earnings, and Balance Sheet Assume that you are the president of Gaslight Company. At the end of the first year (December 31, 2011) of operations,...

Answered: 1 week ago

Question

★★★★★
Why do you think strategic plans should be greater than one year?

Answered: 1 week ago

Question

★★★★★
Two long straight wires are going parallel to each other at the distance a from each other. The wires carry the currents I that go in the same direction. Find the magnetic field created by this...

Answered: 1 week ago

Question

★★★★★
As the Financial Director, you have been evaluating annual operating costs as you put together the budget for the next fiscal year. You've noticed that waste metal recycling costs increased last year...

Answered: 1 week ago

Question

★★★★★
A component for a rocket launch mechanism has a reliability of 80%. For safety, the launch reliability must be greater than 99.9%. How many of the components must be placed in parallel to achieve...

Answered: 1 week ago

Question

★★★★★
Obje For Exercises 39-40, determine whether the intermediate value theorem guarantees that the function has a zero on the given interval. (See Example 5) - 39. f(x)=2x-7x14x + 30 a. [1, 2] c. [3,4]...

Answered: 1 week ago

Question

★★★★★
A rocket thrust chamber contains a propellant of molecular weight M = 25 and a specific heat ratio of ? = 1.2. The chamber pressure is pc = pt = 10 MPa, and the combustion temperature is Tc = Tt =...

Answered: 1 week ago

Question

★★★★★
Give at least 5 possible survey questions for research study entitled "The level of customer satisfaction towards self ordering kiosk on selected fast food chains" that are answerable by "satisfied,...

Answered: 1 week ago

Question

★★★★★
Did you check all the correct names, telephone numbers, and emails for authorship and further information?

Answered: 1 week ago

Question

★★★★★
Did you offer hard data that is verifiable? [D]

Answered: 1 week ago

Question

★★★★★
Did you eliminate superlatives and complimentary adjectives to keep it unbiased? [yes or no]

Answered: 1 week ago

Previous Question Next Question