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Assume that there are only four stocks trading in a stock change

Finance

Assume that there are only four stocks trading in a stock change. The current prices and total number of currently quoted shares for each stock is given below

Stock                    Price                       Quoted Shares

A                            30                           180 000

B                              65                           120 000

C                             90                               50 000

D                             20                          250 000

The base year chosen by the exchange in that country is 2005 during which the average price and average quoted shares were as follows

Stock              Price                             Quoted Shares

A                     8                                     60 000

B                      11                                   80 000

C                      24                                    40 000

D                       5                                 100 000

Given that the exchange uses a multiplier of 1000 in that country; find the current value of the index by using value weighted approach

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