Question: Hi! Please , answer the following question and show work to help me learn: A value weighted index includes three stocks. Stock A is selling

Hi! Please, answer the following question and show work to help me learn:

A value weighted index includes three stocks. Stock A is selling at $31, stock B is selling at $30, stock C $50. Stock A has 120M shares outstanding, while both B and C have 150M shares. What is the value weighted index if the base value of the index is 100 and the initial total market value was 15,200?

Conduct your calculation in millions (i.e. 3M shares x $100 = $300M, not $300,000,000)

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