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Suppose a stock index contains the stock of 3 A, B and C. The stock prices for the three firms are $25, $31 and $33,
Suppose a stock index contains the stock of 3 A, B and C. The stock prices for the three firms are $25, $31 and $33, respectively. The firms have 108 million, 71 million and 132 million shares outstanding, respectively, the index is value-weighted, calculate its initial value. (round your answer to 2 decimal places)
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