Consider a value-weighted market index that includes the following two companies. Answer the questions that follow Company 1 Company 2 Price $7 $7.28 # of Shares 600 600 Price $8 $8.88 # of Shares 2,000 2,000 a. What is the total value of the two companies' shares on Day 1? b. What is the total value of the two companies' shares on Day 2? c. What is the percentage change in the index from Day 1 to Day 2? Hint: The percentage change of a value-weighted index is just the percentage change in the total value of the stocks in the index a. What is the total value of the two companies' shares on Day 1? The total value on Day 1 is $(Round to the nearest whole dollar.) b. What is the total value of the two companies' shares on Day 2? The total value on Day 2 is $. (Round to the nearest whole dollar.) C. What is the percentage change in the index from Day 1 to Day 2? The percentage change is | %. (Round to two decimal places.)