Solved: What is the index level, If the index is value-weighted, what is the index level? Use, Finance Basics

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What is the index level

Problem:

An index consists of the following securities

Stock Shares Outstanding Yesterday's Price Today's Price
A 1,000 $32 $38
B 4,000 $22 $23
C 6,000 $57 $55

If the index is value-weighted, what is the index level? Use yesterday as a base. Assume yesterday's index level is 1,000.

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