# You are given the following information regarding prices for a sample of stocks. PRICE Stock Number of

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## Question:

You are given the following information regarding prices for a sample of stocks.

PRICE | ||||||

Stock | Number of Shares | T | T + 1 | |||

A | 1,500,000 | $78 | $90 | |||

B | 11,000,000 | 26 | 41 | |||

C | 28,000,000 | 15 | 28 |

Construct a *price-weighted* index for these three stocks, and compute the percentage change in the index for the period from *T* to *T* + 1. Do not round intermediate calculations. Round your answer to two decimal places.

**Related Book For**

## Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill