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A market value-weighted index is currently at 1,000. It consists of three stocks; ABC, DEF and XYZ. ABC has 50% weight, DEF has 30% and
A market value-weighted index is currently at 1,000. It consists of three stocks; ABC, DEF and XYZ. ABC has 50% weight, DEF has 30% and XYZ has the rest 20% weight in the index. Next month, ABC increases by 16%, DEF increases by 37% and XYZ decreases by 45%. The index level will change from 1,000 to _______.
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