QUESTION 7 The following 3 companies make up a market value weighted index: Oracle - 800 millions shares outstanding; price per share on 1/1/20 = 45.10; price on 6/30/20 = 48.20 IBM - 500 million shares outstanding, price on 1/1 = $186.60, price on 6/30 = $175.05 Xerox - 250 million shares outstanding, price on 1/1 = $12.50, price on 6/30 = $14.75 If the value of the index on 1/1/20 was 590.00. Compute the value of the index on 6/30. Give your answer AND explain how you computed it