The table below reports the closing market prices (P) and shares outstanding (SO) for two stocks: ABC and XYZ. Note that stock XYZ has a 3 for 1 stock split which may, or may not, impact index construction. What divisor would we use in constructing the Price-Weighted Index at time period 1?

	Period	ABC			XYZ
		P	SO		P	SO
	1	45.00	110		112.00	300
	2	47.00	110		119.00	300
	3	49.00	110		41.33	900

	a.	0.7156
	b.	1.0883
	c.	1.6930
	d.	2.0000