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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

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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

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