3. Utilize a separate tab for question 3. Given the quotes below, calculate the index value and the percentage daily change for the daily scenarios listed below using a price-weighted index, value-weighted index, and arithmetic equal-weighted index.

Security	Price	Number of Shares Outstanding
1	50	500
2	25	1000
3	15	750

Daily Scenarios

Day 1:Price-weighted divisor is 3; Base index value is 100 (except for the Price Weighted Index); Day 1 is base year.

Day 2:All three stocks increase by 4%

Day 3:Security 1 increases by 4%

Day 4:Security 2 increases by 4%

Day 5:Security 3 increases by 4%