Use Figure 2 to answer this question. Suppose that you build a price-weighted index based on the firms above; specifically, the index includes one share of each firm. If the price of Ultra Retirement increases by 10%, the overall index value will increase by _______. Round your answers to the nearest hundredth of a percent.

Question 11 options:

	a. 1.52%
	b. 1.62%
	c. 2.26%
	d. 9.00%
	e. None of the above.

Firm Mango Chemicals Ultra Retirement Financials Lavarra Makeup Inc. FIGURE 2 Market Cap $5,000,000 $18,000,000 $88,000,000 Shares Outstanding 1,000 20,000 4,000,000