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.

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The Answer of 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.

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