Suppose a stock index contains the stock of 3 firms: A, B and C. The stock prices for the three firms are $54, $56 and $30, respectively. The firms have 140 million, 62 million and 60 million shares...

Suppose a stock index contains the stock of 3 firms: A, B and C. The stock prices for the three firms are $54, $56 and $30, respectively. The firms have 140 million, 62 million and 60 million shares outstanding, respectively , if the index price-weighted , calculate its initial value ( round your answer to 2 decimal places)

Jun 07, 2022
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