The following table shows the price movements of three stocks that comprise a price-weighted index. Use this table to answer the next three questions.
Stock Price
Date X Y Z
1/1/12 50 70 120*
1/3/12 48 75** 95
1/4/12 52*** 22 92
1/5/12 80 16 98
*4:3 split on stock Z after close on 1/2/2012
**3:1 split on stock Y after close on 1/3/2012
***4:6 reverse split on stock X after close on 1/4/2012
The base date for the index is Jan. 2, 2012
Find the closing value of the price weighted index on 1/3. Round intermediate steps and your final answer to four decimal