A research analyst at an index fund company pulled the follo…
A research analyst at an index fund company pulled the following price data on the stocks of ABC, DEF, and GHI. The index fund company is considering building a price-weighted index of the three stocks. Stock Price Information Stock Price Time 0 Time 1 ABC $10.00 $15.75 DEF $20.00 $15.75 GHI $30.00 $31.25 During this period, what was the percent change in the level of the index?