Question: Is this answer correct? please verify for me. A benchmark index has three stocks priced at $29, $52, and $62. The number of outstanding shares

Is this answer correct? please verify for me. A benchmark index

Is this answer correct? please verify for me.

A benchmark index has three stocks priced at $29, $52, and $62. The number of outstanding shares for each is 380,000 shares, 465,000 shares, and 613,000 shares, respectively. If the market value weighted index was 850 yesterday and the prices changed to $29, $49, and $65 today, what is the new index value? Multiple Choice 840 O O 850 855 O O 845

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!

please help me 1. A benchmark index has three stocks priced at $25,$38, and $52 yesterday. The number of outstanding shares for each is 100,000 shares, 500,000 shares, and 200,000 shares,...

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...

Part 1 Part 2 A benchmark index has three stocks priced at $60,$65, and $70. The number of outstanding shares for each is 444,000 shares, 555,000 shares, and 777,000 shares, respectively. Suppose the...

A benchmark index has three stocks priced at $29, $52, and $62. The number of outstanding shares for each is 380,000 shares, 465,000 shares, and 613,000 shares, respectively. If the market value...

A benchmark index has three stocks priced at $50, $60, and $80. The number of outstanding shares for each is 200000 shares 300,000 shares, and 400,000 shares, respectively. Suppose the price of these...

A benchmark index has three stocks priced at $50,$60, and $80. The number of outstanding shares for each is 200,000 shares, 300,000 shares, and 400,000 shares, respectively. Suppose the price of...

A benchmark index has three stocks priced at $50,$60, and $80. The number of outstanding shares for each is 200.000 sharen. 300,000 shares, and 400,000 shares, respectively. Suppose the price of...

A benchmark index has three stocks priced at $50,$60, and $80. The number of outstanding shares for each is 200,000 sha 300,000 shares, and 400,000 shares, respectively. Suppose the price of these...

2. Please answer the question 1) A benchmark index has three stocks priced at $20, $40, and $50. The number of outstanding shares for each is 100 shares, 200 shares, and 300 shares, respectively The...

Return Predictability along the Supply Chain F.AJ inancial Analysts Journal Volume 66 . Number 3 @2010 CFA Institute these two studies were based on the idea that the 2007, the last month for which...

Tommy Testator, the deceased, was single with no dependents. The assets of his estate were as follows: Galaxy Bank account of $100,000 Loose cash worth $20,000, found in a sock under hismattress Gold...

The uniform beam of weight W1 is supported by the rope which is attached to the end of the beam, wraps over the rough peg, and is then connected to the block of weight W2. If the coefficient of...

* Includes amortization on capitalized system development costs and software included in property, plant, and equipment. a . Compute the cash paid for merchandise inventories in 2 0 2 0 . Assume that...

Task 3 : Analysis of developments An analysis of the following innovative Waikato - Tainui initiatives and developments, undertaken by TGH The Base at Te Rapa The Ruakura Superhub

OUTCOME 4 Explain the linkages between competitive strategies and human resources.

OUTCOME 3 Describe pay equity and strategies for implementing it.

OUTCOME 6 Describe how firms evaluate their strategies and human resources implementation.