Consider the three stocks in the following table. Pt represents the price at the end of period t and Qt is the number of shares outstanding. Stock C splits 3:1 during period 2.

	P0	Q0	P1	Q1	P2	Q2
A	$ 71.00	150.00	$ 63.00	150.00	$ 74.00	150.00
B	$ 35.00	400.00	$ 42.00	400.00	$ 38.00	400.00
C	$ 10.00	200.00	$ 12.00	200.00	$ 6.00	600.00

Calculate the price-weighted index of the three stocks for each period (4 points). What is the divisor for each period (4 points)? Does it change in the last period (2 points)? Why or why not (2 points)? (Make sure to answer this question fully. Including the why or why not part.)