Assume That the S&P 500 Composite Stock Index Closes at 1300

Multiple Choice

Assume that the S&P 500 composite stock index closes at 1300. This means that

A) the average stock in the index is selling for $130.00.
B) an investor would have to pay $1,300 to purchase one share of each of the stocks represented in the index.
C) The average value of a company reflected in the Index is up 30% from when the Index was at 1000.
D) the share prices of the stocks in the index have risen 13 times since the 1941-1943 base period.