55) 55) A benchmark index has three stocks priced at $23, S43 and $56 yesterday....
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55) 55) A benchmark index has three stocks priced at $23, S43 and $56 yesterday. The number of outstanding shares for each is 350,000 shares, 405,000 shares and 553,000 sh respectively. If the market value weighted index was 970 yesterday and the prices changed to $23, S41 and $58 today, what is the new index value? A) 985 B) 970 C) 975 D) 960
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