A benchmark index has three stocks priced at $25, $48, and $58. The number of ou

Question

A benchmark index has three stocks priced at $25, $48, and $58. The number of outstanding shares for each is 360,000 shares, 425,000 shares, and 573,000 shares, respectively. If the market value weighted index was 960 yesterday and the prices changed to $25, $46, and $60, what is the new index value?

A benchmark index has three stocks priced at $25, $48, and $58. The number of outstanding shares for each is 360,000 shares, 425,000 shares, and 573,000 shares, respectively. If the market value weighted index was 960 yesterday and the prices changed to $25, $46, and $60, what is the new index value?

Explanation / Answer

the new index value is

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