What is the new value of the index

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Reference no: EM131849195

A market value weighted index has three stocks in it, priced at 39, 75, and 73 per share, and each firm has 211, 348 and 482 thousand shares outstanding, respectively. The value of the index today is 985. Over the course of a month, the market does its random walk-y thing, and the prices of the three stocks change do 43, 63, 96, respectively. What is the new value of the index? Enter answer accurate to two decimal places.

Reference no: EM131849195

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