An Index Consists of the Following Securities A)-43%
B)-1

question 76

Multiple Choice

An index consists of the following securities. What is the value-weighted index return?
$\begin{array}{cccc}\text { Stock } & \text { Shares Outstanding } & \text { Beginning Share Price } & \text { Ending Share Price } \\\mathrm{C} & 1,000 & \$ 32 & \$ 38 \\\mathrm{~K} & 4,000 & \$ 22 & \$ 23 \\\mathbf{S} & 6,000 & \$ 57 & \$ 55\end{array}$

• A)-.43%
• B)-1.46%
• C)4.43%
• D)4.51%
• E)4.62%

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Definitions:

Economic Liability

A legal obligation or debt that results in a financial burden or disadvantage to an individual, business, or organization.

Postindustrial Period

A stage in societal development characterized by the shift from manufacturing-based economies to those dominated by service-oriented, information-based activities.

Demographic Transition

A theory describing the transition from high birth and death rates to lower birth and death rates as a country develops from a pre-industrial to an industrialized economic system.

Transitional Period

A phase of change or adjustment where a person, society, or condition is shifting from one state to another.