Exhibit 56
Use the Information Below for the Following Problem(S)

question 13

Multiple Choice

Exhibit 5.6
Use the Information Below for the Following Problem(S)
                                                                                                           Price
$$\begin{array} { c c c c } \text { Stack } & \text { Number of Shares } & \text { Day T } & \text { D.y T + 1 } \\\hline Q & 5,000,000 & 80 & 95 \\R & 8,000,000 & 60 & 55 \\\text { S } & 15,000,000 & 20 & 24\end{array}$$
-Refer to Exhibit 5.6.If an equal-weighted index is constructed on Day T with $10,000 in each stock,what is the percentage change in wealth for this index on Day T + 1? Assume a base index value of 100 on Day T.

• A) 8.65%
• B) 10.14%
• C) 15.69%
• D) 30.42%
• E) 47.08%

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Definitions:

Employee's Gross Earnings

The total amount earned by an employee before any deductions, including wages, salaries, bonuses, and commissions.

Employee's Net Pay

The amount of salary that an employee takes home after deductions such as taxes, social security, and benefits have been subtracted.

Pay Period

The regular interval at which an employee receives a paycheck, such as weekly, bi-weekly, or monthly.

FICA Taxes

Taxes collected in the U.S. to fund the Social Security and Medicare programs, paid by both employees and employers.