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8). If a value-weighted index is composed of two companies priced at $75 and 42 and their number of outstanding shares are 8 million and
8). If a value-weighted index is composed of two companies priced at $75 and 42 and their number of outstanding shares are 8 million and 30 million shares, respectively. If the beginning value of the index was $1,700 million and the base value was 100 , what is the current value of the index? a) 1.09 b) 109.41 c) 1094.1 d) 10941
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