A Benchmark Index Has Three Stocks Priced at $23,$43,and $56

question 22

Multiple Choice

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 $58,what is the new index value?

• A) 960
• B) 970
• C) 975
• D) 985

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Definitions:

Sexual Dimorphism

The distinction between two sexes of the same species by physical appearance, including differences in size, color, or body structure.

Genetic Sex

Determined by the chromosomes an individual inherits (XX for females and XY for males), affecting the development of sexual and reproductive anatomy.

Gonads

The primary reproductive organs in animals, namely testes in males and ovaries in females, responsible for producing gametes and hormones.

Secondary Sex Characteristics

Features that distinguish the two sexes of a species apart from the reproductive organs, developing during puberty, such as body hair and voice changes.