SECTION 8.3 AD VALOREM FEE STRUCTURES ARE BOTH SIMPLE AND PREDICTABLE....

4.) If the investment policy committee decides to accept Gatchell's recommendation to also

use passive investing, the index structure that least likely meets Gatchell's requirement

is:

A. a price-weighted index.

B. an equal-weighted index.

C. a value-weighted index.

Answer = B

"Equity Portfolio Management," Gary L. Gastineau, Andrew R. Olma, and Robert G.

Zielinski