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:

Union Shop

A workplace where new employees must join the union representing them within a certain period of time as a condition of their employment.

Taft-Hartley Act

A 1947 U.S. federal law that restricts the activities and power of labor unions.

Collective Bargaining

Collective bargaining is a process where employers and employees negotiate terms and conditions of employment, usually through labor unions.

Right-to-Work Laws

Legislation that prohibits union security agreements, ensuring that employment is not conditional upon union membership or fees.