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A market value weighted index has three stocks in it, call them A, B, and C, priced at 68, 78, and 43 per share. Each
A market value weighted index has three stocks in it, call them A, B, and C, priced at 68, 78, and 43 per share. Each firm has 261, 118 and 497 thousand shares outstanding, respectively. The value of the index at that time is 835. Over the course of the next quarter, the prices of the three stocks change to 79, 96, 29, respectively. What is the new value of the index?
Enter answer accurate to two decimal places.
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