Final answer:
The DJIA is a price-weighted index and not a value-weighted index like the S&P 500, Russell 2000, and Wilshire 5000, making 'A. DJIA' the correct answer to the question.
Step-by-step explanation:
When it comes to differentiating between a value-weighted index and other types of indices, understanding the way in which they are calculated is essential. A value-weighted index, such as the Standard & Poor's 500 or the Wilshire 5000, is designed to reflect the market capitalization of the constituent companies. This means that companies with a higher market cap have a greater impact on the index's performance.
On the other hand, the Dow Jones Industrial Average (DJIA) is a price-weighted index. This implies that the index is calculated based on the price of the individual stocks, with higher-priced stocks having more influence on the index's movement, irrespective of the companies' actual market capitalization. Comparing this description with the options provided in the question, it is clear that the DJIA is not a value-weighted index, while the S&P 500, Russell 2000, and Wilshire 5000 are indeed value-weighted. The Russell 2000 tracks the performance of 2000 small-cap companies and is also a market-cap weighted index, similar to the S&P 500 and Wilshire 5000. Therefore, the answer to the student's question is that 'A. DJIA' is not a value-weighted index.