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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 $43, 538 and

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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 $43, 538 and $33, respectively. The firms have 60 mion, 101 million and 101 million shar outstanding, respectively. If the index is value-weighted, calculate its initial value. (round your answer to 2 decimal places)

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