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A market value weighted index has three stocks in it, call them A, B, and C, priced at 30, 92, and 95 per share. Each
A market value weighted index has three stocks in it, call them A, B, and C, priced at 30, 92, and 95 per share. Each firm has 100, 236 and 105 thousand shares outstanding, respectively. The value of the index at that time is 862. Over the course of the next quarter, the prices of the three stocks change to 35, 80, 36, respectively. What is the new value of the index?
Enter answer accurate to two decimal places.
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