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Consider the index below that consists of just four stocks: Stock Price Number of Shares Outstanding J $ 1 0 1 0 0 , 0

Consider the index below that consists of just four stocks:
Stock Price Number of Shares Outstanding
J $10100,000
K 2010,000
L 30200,000
M 4050,000
If the price of Stock L goes from $30 to $42. What is the percentage increase in the index if it is value-weighted?

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