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A benchmark index has three stocks priced at $40, $63, and $73. The number of outstanding shares for each is 435,000 shares, 575,000 shares, and

A benchmark index has three stocks priced at $40, $63, and $73. The number of outstanding shares for each is 435,000 shares, 575,000 shares, and 723,000 shares, respectively. If the market value weighted index was 950 yesterday and the prices changed to $40, $59, and $77 today, what is the new index value? Multiple Choice 945 950 955 940

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