Suppose a stock index contains the stock of 3 firms: A, B and C. The stock prices
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Suppose a stock index contains the stock of 3 firms: A, B and C. The stock prices for the three firms are $29. $53 and $72, respectively. The firms have 153 million, 191 million and 91 million shares outstanding, respectively. If the index is value-weighted, calculate its initial value.
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