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There are two stocks, A and B, which make up a particular price-weighted index. Below are...

There are two stocks, A and B, which make up a particular price-weighted index. Below are the closing prices and number of shares outstanding for each stock for yesterday and today. Stock B split 3-for-1 today before the market opened. What is the value of the index after the close today if the index contains stocks A and B and closed yesterday at 115.00 (before stock B split 3-for-1)?

                                                            Yesterday                        Today

Closing price of stock A                        $150                          $162

Shares outstanding for stock A               100                            100

Closing price of stock B                         $80                            $25

Shares outstanding for stock B                 60                           180

Index value                                           115.00                            ?

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