QUESTION 8 You use the following four stocks to create an index: M, MM, MMM, and MMMM. Their respective total numbers of shares outstanding are 160, 125, 82, and 65 millions. The beginning-of-year prices for these stocks were $45, $80, $123, and $120, and the end-of-year prices were $56, $76, $117, and $132, respectively. During the year, MM announced a 2-for-1 stock split, MMM a 3-for-1 stock split, and MMMM a 4-for-1 split. What is the new divisor? O A. 1.6957 B. 3.3215 C. 2.2886 D. 3.1109