What is the new value of the index

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Reference no: EM131849187

A market value weighted index has three stocks in it, priced at 33, 43, and 32 per share, and each firm has 174, 145 and 470 thousand shares outstanding, respectively. The value of the index today is 907. At this time, the third stock undergoes a 3 for 1 stock split. What is the new value of the index? Enter answer accurate to two decimal places.

Reference no: EM131849187

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