A market value weighted index has three stocks in it priced, Ask an Expert

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A market value weighted index has three stocks in it, priced at 79, 59, and 98 per share, and each firm has 281, 448 and 308 thousand shares outstanding, respectively. The value of the index today is 901. At this time, the third stock undergoes a 3 for 1 stock split. What is the new value of the index?

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Financial Management, Finance

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