Question: A price-weighted index was constructed two months ago using 2 stocks, A and B, then priced at $10 and $17 respectively. The index is adjusted
A price-weighted index was constructed two months ago using 2 stocks, A and B, then priced at $10 and $17 respectively. The index is adjusted at stock splits so as not to allow splits to affect its value. Stock B underwent a 3-for-2 split a month ago, when it was trading at $24 and A was trading at $12. Right now, A is trading at $11 and B is trading at $14. The value of the index equals
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