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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 $66 ,

Suppose a stock index contains the stock of 3 firms : A, B and C. The stock prices for the three firms are $66 , $42 and $ 23, respectively . The firms have 118 million , 186 million and 76 million sharesoutstanding , respectively . If the index is value -weighted , calculate its initial value . (round your answer to 2 decimal places )

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