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 870 885 o 880 875

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_2

Step: 3

blur-text-image_3

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 For Executives Managing For Value Creation

Finance For Executives Managing For Value Creation

Authors: Gabriel Hawawini, Claude Viallet

7th Edition

1473778913, 978-1473778917

More Books

Students also viewed these Finance questions

Question

★★★★★
Boston Corporation has just received its marketing expense report for March of the current year, which follows. Item Amount Sales Commissions...

Answered: 1 week ago

Question

★★★★★
Freeman Co. began operations on January 1, 2010, and completed several transactions during 2010 and 2011 that involved sales on credit, accounts receivable collections, and bad debts. These...

Answered: 1 week ago

Question

★★★★★
1. Michael, you need to return to your desk, or I will have to send for the principal. You have a few seconds to decide. The teacher then moves away, perhaps attending to other students.

Answered: 1 week ago

Question

★★★★★
You want to open up a custom skate board shop. You can sell each skate board for $160. It takes 3 hours to make each skate board. Each skate board maker earns $25 per hour. Each skate board costs $15...

Answered: 1 week ago

Question

★★★★★
33. A sum of money paid to shareholders of a corporation out of its earnings. A. index B. dividend C. profit D. interest 34. All of the following are ways to earn money as a stockholder EXCEPT: A....

Answered: 1 week ago

Question

★★★★★
The expectations theory tells us that : A) the only way central bank can produce a change in the current long term interest rate is by changing current short term rates B) the only way the central...

Answered: 1 week ago

Question

★★★★★
Suppose your department decides to host a celebration because they exceeded sales expectations for the quarter. If you were only focused on equality, what would you do? Limit institutional barriers...

Answered: 1 week ago

Question

★★★★★
Income Statement Revenue: Collars $ 322,560 Leashes 271,040 Harnesses 312,500 Total Revenue: $ 906,100 Cost of goods sold 28,258 Gross profit $ 877,842 Expenses: General and administrative salaries $...

Answered: 1 week ago

Question

★★★★★
Determine the moment generated by the 425 N force applied at point D about point C Note: Remember Counterclockwise moments are considered positive. Justify your answer to receive full points. 215 mm...

Answered: 1 week ago

Question

★★★★★
A recruiter is using a consistent set of questions to interview candidates for retail cashier roles in locations across the US Which question ( s ) would be inappropriate to ask? Select all that...

Answered: 1 week ago

Question

★★★★★
A customer entrusts certain important documents for safe custody to his bank.The bank keeps the documents in a wooden box.Later it is found that the documents were destroyed by white ants.What is the...

Answered: 1 week ago

Question

★★★★★
Explain the various kinds of retirement plans.

Answered: 1 week ago

Question

★★★★★
Explain workplace flexibility (work-life balance).

Answered: 1 week ago

Question

★★★★★
Discuss global issues in employee benefits.

Answered: 1 week ago

Previous Question Next Question