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A price-weighted index is constructed using the 4 stocks W, X, Y and Z. The stock prices and the number of shares outstanding are given

A price-weighted index is constructed using the 4 stocks W, X, Y and Z. The stock prices and the number of shares outstanding are given for days 1, 2 and 3.

Day 1

Day 1

Day 2

Day 2

Day 3

Day 3

Stock

Price

Shares

Price

Shares

Price

Shares

W

$245.00

10000

$125.50

20000

$127.50

20000

X

$114.00

16000

$118.50

16000

$62.50

32000

Y

$125.50

20000

$131.00

20000

$132.75

20000

Z

$85.75

12000

$91.25

12000

$95.00

12000

What is the price weighted index value on Day 3? (Round your answers to 3 decimal places in your calculations).

98.538

152.374

87.515

114.634

66.725

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