Assume That the S&P 500 Composite Stock Index Is 995

Multiple Choice

Assume that the S&P 500 composite stock index is 995.50. This means that

A) the share prices of the shares in the index have risen 995.50 times since 1941.
B) the average share in the index is selling for $99.55.
C) an investor would have to pay $995.50 to purchase one share of each of the shares represented in the index.
D) the market values of the shares in the index increased by a factor of 99.55 since the 1941-1943 base period.