An index was recently begun with the following two stocks: Company A -50 shares valued at $ 2 each. Company B - 10 shares valued at $10 each. Given that the value-weighted index was originally set at 100 and Company A’s stock is currently selling for $ 4 per share while Company B’s stock is still at $10 per share, what is the current value of the price-weighted index and the value-weighted index Price -weighted Value -weighted（）①A. 7 300 ②B. 8 150 ③C. 7 150

A. Characteristics of a well-functioning securities market include: many buyers and sellers willing to trade at below market price, low bid-ask spreads, timely information on price and volume of past transactions, and accurate information on supply and demand.
B. When Conglomerate, InC. trades directly with MultiNational, Ltd. , it is using the fourth market.
C. A limit buy order and a stop buy order are both placed below the current market price.

A. on average underpriced by 15%, but this underpricing varies over time, which supports the EMH.
B. on average overderpriced by 15%, but this overpricing varies over time, which supports the EMH.
C. security portfolios designed to duplicate the composition and therefore the performance of a selected market index series.