单选题 In calculating the Standard & Poor's stock price indices, the adjustment for stock splits occurs: A. by adjusting the divisor. B. automatically, due to the manner in which the index is calculated. C. by adjusting the numerator.

【正确答案】 B

【答案解析】The S&P 500 index is a market value-weighted index, so it is unaffected by stock splits. Only changes in the value of a company will cause the index to move.