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Consider the following four stocks: Stock Current Share Price (2021) Current Shares Outstanding (2021) Base Year (2001) Share Price Base Year (2001) Market Capitalization Alpha
Consider the following four stocks:
| Stock | Current Share Price (2021) | Current Shares Outstanding (2021) | Base Year (2001) Share Price | Base Year (2001) Market Capitalization |
| Alpha Inc | $45 | 10,000 | $48 | $480,000 |
| Beta Inc | $150 | 15,000 | $133.33 | $2,000,000 |
| Gamma Inc | $705 | 9,000 | $688.89 | $6,200,000 |
| Delta Inc | $95 | 12,000 | $100 | $1,200,000 |
What should be the new denominator in the price-weighted index after the stock split? Round your answer to 2 decimal places
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