The value of a Standard & Poor's Index is computed by
A) dividing the sum of the closing share prices by an adjusted divisor.
B) dividing the sum of the closing share prices by a divisor and then multiplying the quotient by 100.
C) dividing the sum of the current market value of all the stocks in the index by a divisor adjusted for changes in the companies composing the Index.
D) dividing the sum of the current market value of all the stocks in the index by a divisor that adjusts for stock splits and scales the Index figure to a manageable size.
Answer: D
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