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Microsoft Corp. comprises roughly 4% of the market value of stocks included in the S&P 500 Index. On a day that Microsoft stock rises by

Microsoft Corp. comprises roughly 4% of the market value of stocks included in the S&P 500 Index. On a day that Microsoft stock rises by 3%, it causes a rise in the S&P 500 of:

  • A. 3%
  • B. 0.12%
  • C. 4%
  • D. 12%

Assuming a divisor of 0.15, when the DJIA is at 12,000 then average market price of the DJIA component stocks is:

  • A. $30.
  • B. $60.
  • C. $120.
  • D. $180.

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