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Stocks X, Y, and Z are initially priced at $35, $65, and $72, respectively, with shares outstanding of 100, 70, and 40. The stocks are
Stocks X, Y, and Z are initially priced at $35, $65, and $72, respectively, with shares outstanding of 100, 70, and 40. The stocks are used to construct a market-value weighted index with a base value of 100. One year later the stocks above are valued at $50, $75, and $82, respectively. What is the value of the index at the end of year one? Round your answer to 2 decimals with no formatting or symbols.
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