单选题 An analyst does research about security market indices and gathers the following information about market-capitalization-weighted index consisting of the shares of three companies:
Company Beginning
Share Prices
Ending
Share Prices
Dividends
Per Share
Shares
Outstanding
A $26 $21 $1.60 300
B $51 $46 $2.10 300
C $11 $13 $3.10 400
The price retum on the index is closest to:
A. -16.55%
B. -8.00%
C. 0.55%

【正确答案】 B
【答案解析】[解析] 初值:$26×300+$51×300+$11×400=$27500,终值:$21×300+$46×300+$13×400=$25300,指数价格回报率=(25300-27500)/27500=-8%。指数价格回报率只考虑价格变化,而总回报率还要考虑发放的股利。