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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 $60, S41 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 $60, S41 and 576, respectively. The firms have 170 million, 50 million and 130 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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