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Question
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. If the market value weighted index was 970 yesterday and the prices changed to $23, $41, and $58, what is the new index value?
A. 960
B. 970
C. 975
D. 985
Answer
This answer is hidden. It contains 1 characters.
Related questions
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Which of the following does not approximate the performance of a buy-and-hold portfolio strategy?
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C. A value-weighted index
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Q:
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Q:
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Q:
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D. The answer cannot be determined from the information given.