Question

As of January 1 As of December 31 Share price Number of Shares Outstanding (thousands) Share...

As of January 1

As of December 31

Share price

Number of Shares Outstanding

(thousands)

Share price

Number of Shares Outstanding

(thousands)

Stock A

$20

1,500

$24

1,600

Stock B

$40

10,000

$43

9,000

Stock C

$34

3,000

$32

3,000

Refer to the information in the above table. The 1-year return on a market capitalization-weighted index of these three stocks is closest to:

Select one:

A. -1.99%.

B. 5.32%.

C. -6.21%.

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