Global Stock Index Is a Value-Weighted Index with Just Two

question 70

Essay

Global Stock Index is a value-weighted index with just two stocks in the index: ABC stock and XYZ stock.
ABC ended 2018 at a price of $55 and had 1 million shares outstanding. XYZ stock ended 2018 at a price of $32 and had 4 million shares outstanding.
ABC ended 2019 at a price of $29 (after a 2-for-1 split). XYZ stock closed at $35 for 2019.
Calculate the new value of the index.

---

Definitions:

Fulfillment

A feeling of satisfaction or happiness as a result of fully developing one's abilities or character.

Job Satisfaction

The level of contentment individuals feel about their work, which can involve factors like work environment, salary, and personal fulfillment from their job role.

Workers

Individuals engaged in an occupation or activity, especially those who are part of the labor force.

Reference Group

A social group that individuals use as a standard for evaluating themselves, their attitudes, and their behaviors.