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Which one of the following statements regarding US stock indexes is incorrect ? a) The S&P 500 Index is a Large-Cap Index. b) The S&P
Which one of the following statements regarding US stock indexes is incorrect?
a) The S&P 500 Index is a Large-Cap Index.
b) The S&P 500 Index is a market-cap weighted index.
c) The Dow Jones Industrial Average Index is a market-cap weighted index.
d) The price-weighted index assumes equal number of shares of constituents (stocks in the index) is purchased.
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