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stion 15 Suppose a stock index contains the stock of 3 firms A, B and C. The stock prices for the three firms are $40,

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stion 15 Suppose a stock index contains the stock of 3 firms A, B and C. The stock prices for the three firms are $40, $74 and 558, respectively. The firms have 130 million, 100 million and 109 million shares outstanding, respectively. If the index is value-weighted, calculate its initial value. (round your answer to 2 decimal places)

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