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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 $76, $31 and
Suppose a stock index contains the stock of 3 firms: A, B and C. The stock prices for the three firms are $76, $31 and $66, respectively. The firms have 183 million, 174 million and 140 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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