These four common stocks issued no additional shares and had no stock dividends or splits. Ignore cash dividend payments when computing the price index. StockTotal shares outstanding on both…

These four common stocks issued no-additional shares and had no stock dividends or splits. Ignore cash dividend payments when computing the price index.

StockTotal shares outstanding on both datesDate (July 16, 2020)Date (July 16, 2021)A60,000Rs 1,000Rs 600B50,000Rs 1,000Rs 2000C100,000Rs 200Rs 300D50,000Rs 100Rs 40 a. Calculate and interpret the value of the index as on July 16, 2021 assuming that the new four-stock index is (i) value-weighted, (ii) price-weighted, and (iii) equally-weighted. b. Describe the uses of market index. Sonnet 4.5Cl