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VladimirAG [237]
3 years ago
14

A benchmark index has three stocks priced at $34, $57, and $67. the number of outstanding shares for each is 405,000 shares, 515

,000 shares, and 663,000 shares, respectively. if the market value weighted index was 920 yesterday and the prices changed to $34, $54, and $70, what is the new index value?
Plz help
Business
1 answer:
sertanlavr [38]3 years ago
5 0
First you need to divide shares by dollar amounts 405,000/34=11911.7 515,000/57=9035 663,000/67=9895 That would mean 57 and 67 changed, while 57 changed to 54 and 67 changed to 70 we then can find out So now we do 54*9035=487,890 and 70*9895=692,650 So that means The shares now are 11911.7$ 487,000$  692,650$
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