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Exhibit 51
Use the Information Below for the Following Problem(S)

question 12

Multiple Choice

Exhibit 5.1
Use the Information Below for the Following Problem(S)
                    
 Number of shares Glasing Prices (per share) \begin{array}{c}\begin{array}{lll}\text { Number of shares}\end{array}\begin{array}{lll}\text { Glasing Prices}\end{array}\begin{array}{lll}\text { (per share) } \end{array}\end{array}

 Companies  outstanding  Day T  Day T + 1 12,000$30.00$25.0027,00055.0060.0035,00020.0025.0044.00040.0045.00\begin{array}{cccc}\text { Companies } & \text { outstanding } & \text { Day T } & \text { Day T + 1 } \\\hline 1 & 2,000 & \$ 30.00 & \$ 25.00 \\2 & 7,000 & 55.00 & 60.00 \\3 & 5,000 & 20.00 & 25.00 \\4 & 4.000 & 40.00 & 45.00\end{array}

-Refer to Exhibit 5.1.Compute an unweighted price indicator series,using geometric means.What is the percentage change in the index from Day T to Day T+1? Assume a base index value of 100 on Day T.


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