The TriValue Index is a market value weighted index comprising
of three stocks. The number of shares outstanding and the closing
stock prices for each of the stocks are given as follows:
Number of shares outstanding Closing price yesterday Closing
price today
Stock A 350,000 $23 $23
Stock B 405,000 $43 $41
Stock C 553,000 $56 $58
The number of shares outstanding for the stocks does not change
during the period. If the index was closed at 970 yesterday, what...