Consider the Following Three Stocks The Value-Weighted Index Constructed with the Three Stocks Using a }

Multiple Choice

Consider the following three stocks: $$\begin{array} { l c c } \text { Stock } & \text { Price } & \text { Number of shares outstanding } \\\hline \text { Stock A } & \$ 40 & 200 \\\text { Stock B } & \$ 70 & 500 \\\text { Stock C } & \$ 10 & 600\end{array}$$
The value-weighted index constructed with the three stocks using a divisor of 100 is

A) 1.2
B) 1200
C) 490
D) 4900
E) 49