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A market index is an unmanaged grouping of stocks that has been identified as representative of some aspect of the stock market. What is true

A market index is an unmanaged grouping of stocks that has been identified as representative of some aspect of the stock market. What is true of the Dow Jones Industrial Average?

It is an actively managed index designed to outperform the market.

The index is market weighted based on market capitalization.

It is designed to follow the broad bond market.

It consists of a small number of stocks of the largest US companies from a variety of sectors of the economy.

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