1. Consider an equally-weighted industry index in the stock market that consists of three stocks A, B, and C. The index level is 1000 on Feb 27th, 2020, and the daily stock returns for the three stocks are 10%, -6%, and 2% on that day. The market capitaliza- tion of the three are $300 million, $400 million, and $500 million. What is the index level on Feb 28th, 2020? (5 pts)