There a 4 stocks that make up an index:

Stock Price Number of Shares Outstanding

R $10 100,000

S 20 10,000

V 30 200,000

P 40 50,000



If the price of Stock P goes from $40 to $15. What is the percentage decrease in the index if it is value-weighted?





Group of answer choices

-12.73%

-14.22%

-15.22%

-8.15%

-13.59%