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?
$\begin{array}{cccc}\text { Index Stock }&\text {Shares outstanding}&\text { Beginning Share}&\text { Ending Share }\\&&\text { Price }&\text { Price }\\\mathrm{D} & 1,000 & \$ 26 & \$ 32 \\\mathrm{E} & 4,000 & \$ 30 & \$ 28 \\\mathrm{~F} & 3,000 & \$ 19 & \$ 22\end{array}$

A) 9.33%
B) 10.35%
C) 11.54%
D) 12.33%
E) 13.00%