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Suppose a stock index contains the stock of 3 firms: A, B and C. The stock prices for the three firms are $44,62 and 27
Suppose a stock index contains the stock of 3 firms: A, B and C. The stock prices for the three firms are $44,62 and 27 respectively. The firms have 113 million, 157million and 168 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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