Problema benchmark index has three stocks priced at 27 50, Ask an Expert

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Problem:

A benchmark index has three stocks priced at $27, $50, and $60. The number of outstanding shares for each is 370,000 shares, 445,000 shares, and 593,000 shares, respectively. If the market value weighted index was 800 yesterday and the prices changed to $27, $47, and $63,

Required:

Question: What is the new index value?

Note: Explain all calculation and formulas.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91149478

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