Suppose a stock index contains the stock of 3 firms: A, B and C. The stock prices for the three firms are $34, $38 and $58, respectively. The firms have 87 million, 199 million and 79 million shares outstanding, respectively. If the indox is value-weighted, calculate its initial value. (round your answer to 2 decimal places)

Question 18 pose a stondes contars The stock 3 A Band C The stock prices for the two fra 534 538 and 553, rectively. The te have 07 ao 100 on and 70 thouding cats a value ound your awer to 2 deomp points THE MAR