Consider the following security information for four securities making up an index:

What is the change in the value of the index from Time = 0 to Time = 1 if the index is calculated using a value-weighted arithmetic mean?

eBay, Inc., went public in September of 1998. The following information on shares outstanding was listed in the final prospectus filed with the SEC.
In the IPO, eBay issued 3,500,000 new shares. The initial price to the public was $18.00 per share. The final first day closing price was$44.88.

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Price Price Shares Security Time-0 Time 1 Outstanding 13 25 30 50 million 120 million 75 million 35