Which of the following is true of the Dow Jones Industrial Average?
A.
It is a value-weighted average of 30 large industrial stocks.
B.
It is a price-weighted average of 30 large industrial stocks.
C.
The divisor must be adjusted for stock splits.
D.
It is a value-weighted average of 30 large industrial stocks and the divisor must be adjusted for stock splits.
E.
It is a price-weighted average of 30 large industrial stocks and the divisor must be adjusted for stock splits.