Problem 5-14 Price-Weighted Indexes (LO4, CFA2) The following three defense stocks are to be combined into a stock index in January 2016 (perhaps a portfolio manager believes these stocks are an appropriate benchmark for his or her performance): Price Shares (millions) 1/1/16 1/1/171/1/18 $ 69 19 43 $ 81 Douglas McDonnel11 Dynamics General International Rockwe11 350 450 210 s 65 25 54 57 a. Calculate the initial value of the index if a price-weighting scheme is used. Inder value