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An index consists of the following securities and has an index divisor of 3.0. What is the price- weighted index return?

Ending Shares Outstanding 2,000 5,000 3,000 Beginning Stock $17 $14 $26 $19 $11 S33 

9.43 percent

10.91 percent

10.53 percent

9.67 percent

11.03 percent

Financial Management, Finance

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