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Which one of the following is a true statement regarding the Dow Jones Industrial Average? It is a value - weighted average of 3 0

Which one of the following is a true statement regarding the Dow Jones Industrial Average?

It is a value $-$ weighted average of $30$ large industrial stocks.

It is a price $-$ weighted average of $30$ large industrial stocks.

It is a price $-$ weighted average of $100$ large stocks traded on the New York Stock Exchange.

It is a value $-$ weighted average of all industrial stocks traded on the New York Stock Exchange.

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