A benchmark index has three stocks priced at $23, $43, and $56. The number of outstanding shares for each is 350,000 shares, 405,000 shares, and 553,000 shares, respectively and the price weighted index is 960 today. When the prices change to $23, $41, and $60.5 tomorrow, then what is the new index value tomorrow? 975 960 985 970 980
A benchmark index has three stocks priced at $23, $43, and $56. The number of outstanding shares for each is 350,000 shares, 405,000 shares, and 553,000 shares, respectively and the price weighted index is 960 today. When the prices change to $23, $41, and $60.5 tomorrow, then what is the new index value tomorrow? 975 960 985 970 980
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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![A benchmark index has three stocks priced at $23, $43, and $56. The number of
outstanding shares for each is 350,000 shares, 405,000 shares, and 553,000 shares,
respectively and the price weighted index is 960 today. When the prices change to
$23, $41, and $60.5 tomorrow, then what is the new index value tomorrow?
975
960
985
970
O980](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F7b4b5832-ca80-432d-a364-a9abcac6c1a9%2F48a7b83b-8e79-4f5d-8c95-df8caa140e3e%2Fozks53t_processed.jpeg&w=3840&q=75)
Transcribed Image Text:A benchmark index has three stocks priced at $23, $43, and $56. The number of
outstanding shares for each is 350,000 shares, 405,000 shares, and 553,000 shares,
respectively and the price weighted index is 960 today. When the prices change to
$23, $41, and $60.5 tomorrow, then what is the new index value tomorrow?
975
960
985
970
O980
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