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What is the current divisor of the index

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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 and the price-weighted index is 960 today, what is the current divisor of the index?

a. 0.1271

b. 0.66

c. 0.3562

d. 1.1257

Reference no: EM132820858

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