Question: 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

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.

StockPrice (t=0)Quantity (t=0)Price (t=1)Quantity (t=1)A$1040$1540B$5080$25160C$14050$16050

If the Price-Weighted (PW) Index Value at t=0 is 100, How much is the PW value at t=1?

Enter your answer in the following format: 123.45 Hint: Answer is between 102.86 and 118.86

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