Question: Use the following information relating to a float-adjusted market-capitalization-weighted equity index Security Shares Outstanding % of Shares in the Market Float Price at the End

Use the following information relating to a float-adjusted market-capitalization-weighted equity index

Security Shares Outstanding % of Shares in the Market Float Price at the End of 2009 ($) Price at the End of 2010 ($) Dividends per Share ($)
A 20,000 41% 42 38 0.85
B 15,000 37% 54 51 2.15
C 20,000 53% 27 35 1.12

Assume that all dividend payments are made at the end of the year.

The number of shares of Security C in the index on December 31, 2010 is closest to:

  1. 10,600
  2. 20,000
  3. 8,200

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