Suppose there are only 3 stocks in an index with the following information:

Stock	Shares Outstanding	Beginning Share Price	Ending Share Price
A	2,000	$22	$15
B	1,000	$46	$62
C	4,000	$32	$35

a) Calculate the value-weighted return on the index. Round percentage to two decimal places. (2 marks)

b) Calculate the price-weighted return on the index. Round percentage to two decimal places. (2 marks)

c) Suppose Company B announces a 4:1 stock split prior to the end of the year, what is the new price-weighted return without adjustment of the index divisor? Round percentage to two decimal places. (1 mark)

d) What would be the new index divisor after the stock split? Round divisor to three decimal places.