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A market value weighted index has three stocks in it, priced at 69.1, 71.4, and 70.5 per share, and each firm has 220, 268 and
A market value weighted index has three stocks in it, priced at 69.1, 71.4, and 70.5 per share, and each firm has 220, 268 and 322 thousand shares outstanding, respectively. The value of the index today is 630.4. At this time, the third stock undergoes a 3 for 1 stock split. What is the new value of the index? Enter answer accurate to two decimal places
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