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You use the following four stocks to create an index: Q, QQ, QQQ, and QQQQ. Their respective beginning-of-year prices are $45, $80, $123, and $120,
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You use the following four stocks to create an index: Q, QQ, QQQ, and QQQQ. Their respective beginning-of-year prices are $45, $80, $123, and $120, and their end-of-year prices are $56, $76, $117, and $132. The total number of shares outstanding is 160 MM for Q, 125 MM for QQ, 82 MM for QQQ, and 65 MM for QQQQ. What is the return on the value-weighted index?
A. 4.41%
B. 3.35%
C. 4.26%
D. 3.53%
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