USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S)

		Price/Share			Shares Outstanding
Stock	X	Y	Z	X	Y	Z
13-Jan	$ 22.00	$ 36.00	$ 52.00	1000	2000	1000
14-Jan	$ 25.00	$ 33.00	$ 28.00	1000	2000	2000
15-Jan	$ 30.00	$ 29.00	$ 25.00	1000	2000	2000
16-Jan	$ 11.00	$ 32.00	$ 23.00	3000	2000	2000

*2:1 Split on Stock Z after Close on Jan. 13

**3:1 Split on Stock X after Close on Jan. 15

The base date for index calculations is January 13

A. Refer to the exhibit above. Calculate a price weighted average for January 13th.

B. Refer to the exhibit above. What is the divisor at the beginning of January 14th?

C. Refer to the exhibit above. What is the percentage change in the price weighted index from January 13 to January 14?

D. Refer to the exhibit above. Calculate a value weighted index for January 13th if the initial index value is 100.

E. Refer to the exhibit above. Calculate a value weighted index for January 14th if the initial index value is 100.