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What is the new index value tomorrow

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Reference no: EM132820743

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 equal-weighted index is 960 today and the prices changed to $23, $41, and $58 tomorrow, then what is the new index value tomorrow?

a. 971.25

b. 966.51

c. 956.54

d. 963.66

Reference no: EM132820743

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