Assume the following five companies are used in computing an index

Base Period Current Period

Shares January 1, 1977 December 31, 2009

Company Outstanding Market Price Market Price

A 2,000 $ 2.00 $ 14.00

B 6,000 6.00 18.00

C 5,000 9.00 23.00

D 8,000 10.00 5.00

E 1,000 13.00 40.00

(There have been no stock splits during this time.)

If the index is price-weighted, what will be the value of the index on December 31, 2009?