Ralph is constructing a price weighted index On March 1 , 2XX1, he has the following stocks in the index Company Share price shares outstanding Walmart $39 6 44,000 Kmart $15 32 84,000 Venture $63 02 36,000 Macys $64 92 30,000 What is the price weighted index on March 1, 2XX1 (Do not round intermediate calculations Round your answers to 3 decimal places (e g , 32 167))

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Question: Ralph is constructing a price-weighted index. On March 1 , 2XX1, he has the following stocks in the index: Company Share price # shares outstanding

Ralph is constructing a price-weighted index. On March 1, 2XX1, he has the following stocks in the index:

Company	Share price	# shares outstanding
Walmart	$39.6	44,000
Kmart	$15.32	84,000
Venture	$63.02	36,000
Macys	$64.92	30,000

What is the price-weighted index on March 1, 2XX1? (Do not round intermediate calculations. Round your answers to 3 decimal places. (e.g., 32.167))

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