A market value weighted index has three stocks in it, call them A, B, and C, priced at 56, 43, and 66 per share. Each firm has 113, 483 and 116 thousand shares outstanding, respectively. The value of the index at close of trading day is 956. At this time, the index decides to remove stock C from the index, and in its place to insert stock D. Stock D has a closing price of $78 per share, and 285 thousand shares outstanding. What is the new value of the index divisor, after the substitution?

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