If the stocks in the index from problem 1 above have shares outstanding of 2 million, 5 million and
10 million, respectively; what would the value weighted index be (rounded to $ millions with 2 decimal places XXXX.XX)?

Problem 1: If a stock index has 3 stocks with the following prices : $30, $45, and $55; What is the Price Weighted Index? Answer to problem 1: 43.33