Question 1 Suppose a stock index contains the stock of 3 firms A, B and C. The stock prices for the three firms are $33, $48 and $27, respoctively. The firms have 115 million, 69 million and 119...

Suppose a stock index contains the stock of 3 firms: A, B and C The stock prices for the three firms are $33 $48 and $27. respectively. The firms have 115 million, 69 million and 119 million shares outstanding, respectively. If the index is price-weighted, calculate its initial value. (round your answer to 2 decimal places)

Extracted text: Question 1 Suppose a stock index contains the stock of 3 firms A, B and C. The stock prices for the three firms are $33, $48 and $27, respoctively. The firms have 115 million, 69 million and 119 million shares outstanding, respoctively 11 the index is price-woighted, calculate its initial value (round your answor to 2 decimal places) A Moving to another question will save this response. Question 1 of 28