As of December 31 Company Stock Price Shares Outstanding X $1 5,000 Y $20 2,500 Z $60 1,000
The market-cap weighted index = [(($1)(5,000) + ($20)(2,500) + ($60)(1,000))/$150,000](100)
= ($115,000/$150,000)(100)
= (0.767)(100)
= 76.67 or 77
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