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:

Post-Closing Trial Balance

A trial balance prepared after closing entries are made, showing the balances of ledgers that remain for the start of the next period.

Accumulated Depreciation

The total amount of depreciation expense that has been recorded against an asset since its purchase.

Depreciation Expense

Methodically dispersing the cost of a physical asset over its serviceable lifetime.

Dividends

Distribution of a portion of a company's earnings, decided by the board, to a class of its shareholders.