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A value weighted index includes three stocks. Stock A is selling at $7, stock B is selling at $30, stock C $50. Stock A has

A value weighted index includes three stocks. Stock A is selling at $7, stock B is selling at $30, stock C $50. Stock A has 50M shares outstanding, while both B and C have 150M shares. What is the value weighted index if the base value of the index is 100 and the initial total market value was 14,500?

Answer is 85. Please show work.

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