An Index Consists of the Following Securities and Has an Index

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%