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2 points Saved Suppose a stock index contains the stock of 3 firms: A, B and C. The stock prices for the three firms are

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2 points Saved Suppose a stock index contains the stock of 3 firms: A, B and C. The stock prices for the three firms are $48, $20 and $34, respectively. The firms have 119 million, 71 million and 135 million shares outstanding, respectively. If the index is value-weighted, calculate its initial value. (round your answer to 2 decimal places) 34

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