Ralph is constructing a value-weighted index. On March 1, 2XX1, he has the following stocks in the index:

Company	Share price	# shares outstanding
Apple	$10	10,000
Beefo	$22	20,000
Catto	$15	16,000
Doggie	$40	6,000

a. What is the value-weighted index on March 1, 2XX1?

b. On March 2, 2XX1, the index contains the following:

Company	Share price	# shares outstanding
Apple	$10	10,000
Beefo	$25	20,000
Catto	$14	16,000
Doggie	$33	6,000

What is the value-weighted index on March 2, 2XX1? What was the percentage change in the index?

c. On March 3, 2XX1, Apple had a 2 for 1 stock split and Doggie had a 3 for 1 split. Assuming share prices from March 2, what is the value-weighted index on March 3, 2XX1? What was the percentage change in the index?

	A.	a. 255,000 b. +0.1961% c. +0.1256%
	B.	a. 255,000 b. +0% c. +0.%
	C.	a. 255,000 b. +0.0% c. +0.1256%
	D.	a. 255,000 b. +0.1961% c. 0%