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A market value weighted index has three stocks in it, priced at 85, 26, and 44 per share, and each firm has 480, 295 and
A market value weighted index has three stocks in it, priced at 85, 26, and 44 per share, and each firm has 480, 295 and 487 thousand shares outstanding, respectively. The value of the index today is 845. Over the course of a month, the market does its random walk-y thing, and the prices of the three stocks change do 54, 54, 23, respectively. What is the new value of the index?
Enter answer accurate to two decimal places.
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