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What is the initial value of a value-weighted index based on the information provided in the table below? The number of companies included in the

What is the initial value of a value-weighted index based on the information provided in the table below? The number of companies included in the index should be used as the divisor.

Company Current stock price No. shares outstanding (in millions)

Plaice Plc 17.50 43

Cod Plc 10.25 25

Haddock Plc 5.10 4

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