Stock Day 1 Day 2 Day 3 Total Return

ABC* 60 62 32 6.67%
DEF 25 22 23 -8.00%
XYZ 43 45 46 6.98%
* ABC split 2-for-1 at the close of trading on day 2

Price-weighted 42.67 43.00 44.32 3.87%

Capitalization-weighted 100.00 100.84 103.77 3.77%
Equal-weighted Arithmetic 100.00 98.66 101.95 1.95%
Equal-weighted Geometric 100.00 98.36 101.63 1.63%

Shares Outstanding*
Stock Day 1 Day 2 Day 3
ABC 100 100 200
DEF 200 200 200
XYZ 300 300 300
* This only applies to the Cap-weighted index

Divisor
Index 4/9/1900 4/7/1900 4/10/1900
Price-weighted 3 3 2.279
Capitalization-weighted 239 239 239
Equal-weighted Arithmetic 3 3 3
Equal-weighted Geometric 3 3 3