Question: DEAR EXPERTS I HAVE 30 MIN TO SOLVE THIS QUESTION A benchmark index has three stocks priced at $23, $43, and $56. The number of

DEAR EXPERTS I HAVE 30 MIN TO SOLVE THIS 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 $59, what is the new index value?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Income statement and balance sheet data for The Athletic Attic are provided below. Required: 1. Calculate the following risk ratios for 2024 and 2025: a. Receivables turnover ratio. b. Inventory...

Please provide excel spreadsheet detailing how you got to the multiple choice answer. I am trying to get ahead and understand each of the practiceproblems in prep for a exam so it would be very...

6. A benchmark market value index is comprised of stocks were priced at $12, $20, and $60. The number of outstanding shares for each is 600,000 shares, 500,000 shares, and 200,000 shares,...

Help 1 and 2 thanks 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...

A.I only C., Il only l only 41 An investor buys $16,000 worth of a stock priced at $40 per share using 60% inmal margin -broker charges 6% on the margin loan and requres n 35% maintenance margin. The...

A T-bill quote sheet has 90-day T-bill quotes with a 4.92 bid and a 4.86 ask. If the bill has a $10,000 face value, an investor could buy this bill for _____. The Hydro Index is a price weighted...

MC Qu. 06 Three stocks have share prices of ... Three stocks have share prices of $15, $60, and $30 with total market values of $430 million, $380 million, and $180 million, respectively. If you were...

Instructions: Show all your work to get partial credit. Answers without any work-even correct-will not receive any credit. Good Luck! 1. Suppose that Apple currently is selling at $40 per share. You...

1. Suppose that Apple currently is selling at $40 per share. You buy 500 shares using $15,000 of your own money, borrowing the remainder of the purchase price from your broker. The rate on the margin...

Time sensitive. Really appreciate if all or most questions are answered. I bought a call option on Microsoft stock with a strike price of $300 expiring on January 10, 2022. The option premium is $20...

Being an IT personal how will you prepare security awareness plan, also explain the awareness importance in any organization?

Using the information below, prepare a spreadsheet calculating the taxable income and tax liability for all taxpayers with adjusted gross income below $100,000. The spreadsheet should be flexible...

European option values are always equal to or greater than American style option values True . False

At what annual interest rate must $137,000 be invested so that it will grow to be $457,817 in 14 years? (Assume interest is compounded annually)

11. last word What was the single most important reason for the decline in illegal immigration between 2007 and 2009? What other factors were at play? Going forward, why might people think it more...

4. Use the accompanying tables for Neon and Zeon to answer the questions that follow. Assume that the wage rate shown equals hourly output and income, and that the accumulated output and income are...

LO25.4 Relate how illegal immigration affects employment and wages in low-wage labor markets and impacts state and local budgets.