An Index Consists of the Following Securities and Has an Index

question 40

Multiple Choice

An index consists of the following securities and has an index divisor of 3.0. What is the price-weighted index return?
$$\begin{array} { c c c c } \text { Stock } & \text { Shares Outstanding } & \text { Begin Erice } & \text { End Price } \\\text { A } & 4,500 & \$ 20 & \$ 25 \\\text { B } & 7,000 & \$ 15 & \$ 12 \\\mathbf { C } & 3,000 & \$ 28 & \$ 35\end{array}$$

• A)11.11%
• B)12.50%
• C)14.29%
• D)15.32%
• E)16.32%

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