An Index Consists of the Following Securities A)1275%
B)15

An index consists of the following securities. What is the value-weighted index return?
$\begin{array}{cccc}\text { Value-weighted } & \text { Shares } & \text { Beginning Share } & \text { Ending Share } \\\text { Stock } & \text { Outstanding } & \text { Price } & \text { Price } \\\text { T } & 5,000 & \$ 20 & \$ 28 \\\text { Z } & 2,000 & \$ 38 & \$ 40\end{array}$

A) 12.75%
B) 15.00%
C) 16.50%
D) 18.75%
E) 25.00%