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A market value-weighted index has three stocks in it, priced at 58, 82, and 86 per share, and each firm has 187, 441 and 103
A market value-weighted index has three stocks in it, priced at 58, 82, and 86 per share, and each firm has 187, 441 and 103 thousand shares outstanding, respectively. The value of the index today is 915. At this time, the third stock undergoes a 3 for 1 stock split. What is the new value of the index?
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