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Suppose Stocks A, B, C and D are the only four component stocks in a benchmark index. The number of shares outstanding of Stocks A,

Suppose Stocks A, B, C and D are the only four component stocks in a benchmark index. The number of shares outstanding of Stocks A, B, C and D are 392,000 shares, 303,000 shares, 208,000, and 127,000 shares, respectively. The prices of Stocks A, B, C and D for Days 1, 2, 3 and 4 are given in the table below:

Stock A

Stock B

Stock C

Stock D

Day 1

30.56

42.49

79.15

18.22

Day 2

32.11

40.09

77.92

16.90

Day 3

32.56

40.13

79.25

18.46

Day 4

33.06

44.01

78.68

19.49

If the benchmark value-weighted index was 1519.08 on Day 1, the benchmark value-weighted index on Day 2 was Answer. (Note: Answer must be correct to 2 decimal places, but you may leave your answer with more than 2 decimal places.)

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