You are trying to create a stock index using three stocks. To recap, DJIA is a price-weighted index and S&P500 is a value-weighted index.

Each stock's data at t=0 (begin of day) and t=1 (end of day) is provided below.

Notice that Stock B is split 2 for 1. So, its price went down from $50 to $25, while the quantity went up from 80 to 160.

Stock	Price (t=0)	Quantity (t=0)	Price (t=1)	Quantity (t=1)
A	$10	40	$15	40
B	$50	80	$25	160
C	$140	50	$130	50

How much is the denominator used to compute the Price-Weighted index at t=1?

Enter your answer in the following format: 1.23 Hint: Answer is between 2.47 and 2.94