USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S)

		Price/Share			Shares Outstanding
Stock	X	Y	Z	X	Y	Z
13-Jan	$ 22.00	$ 36.00	$ 52.00	1000	2000	1000
14-Jan	$ 25.00	$ 33.00	$ 28.00	1000	2000	2000
15-Jan	$ 30.00	$ 29.00	$ 25.00	1000	2000	2000
16-Jan	$ 11.00	$ 32.00	$ 23.00	3000	2000	2000

*2:1 Split on Stock Z after Close on Jan. 13

**3:1 Split on Stock X after Close on Jan. 15

The base date for index calculations is January 13

Refer to the exhibit above. Calculate a price weighted average for January 13th.

		30
		33.33
		36.67
		39.50
		42.67