Although Standard and Poor's Composite Index contains a limited number of U.S. publicly traded stocks, the Index represents:
A) all stocks in the industrial sector.
B) all stocks priced at $50 a share or more.
C) approximately 50% of U.S. stocks traded, in market value.
D)approximately 75% of U.S. stocks traded, in market value.

Question

Quizplus · Accepted Answer

The Standard and Poor's Composite Index, commonly known as the S&P 500, is designed to represent the performance of the U.S. stock market. It includes 500 of the largest companies listed on stock exchanges in the United States, covering approximately 75% of the American equity market by capitalization.

Although Standard and Poor's Composite Index Contains a Limited Number