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A benchmark index has three stocks priced at $50, $26, and $30. The number of outstanding shares for each is 350 shares, 400 shares, and 700 shares, respectively. If the market value weighted index was 500 yesterday and the prices changed to $48, $21, and $28, what is the new index value? O 600 510.05 480.28 458.08

A benchmark index has three stocks priced at $50, $26, and $30. The number of outstanding shares for each is 350 shares, 400 shares, and 700 shares, respectively. If the market value weighted index was 500 yesterday and the prices changed to $48, $21, and $28, what is the new index value? O 600 510.05 480.28 458.08

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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A benchmark index has three stocks priced at $50, $26, and $30. The number of outstanding shares for each is 350 shares, 400 shares, and 700 shares, respectively. If the market value weighted index was 500 yesterday and the prices changed to $48, $21, and $28, what is the new index value? 600 510.05 480.28 458.08
Transcribed Image Text:A benchmark index has three stocks priced at $50, $26, and $30. The number of outstanding shares for each is 350 shares, 400 shares, and 700 shares, respectively. If the market value weighted index was 500 yesterday and the prices changed to $48, $21, and $28, what is the new index value? 600 510.05 480.28 458.08
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