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A value weighted index is composed of two stocks. Right now the value of the index is 115. At the base year the sum of

A value weighted index is composed of two stocks. Right now the value of the index is 115. At the base year the sum of the market value of the two stocks was $12,100. The current prices of the two stocks are $29 and $44. The two stocks have 300 and 100 shares outstanding. Given this information, what is the base value of this index?

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