10 The following three defense stocks are to be combined into a stock index in January 2019 perhaps a portfolo manager believes these stocks are an appropriate benchmark for his or her performance). Assume the index is scaled by a factor of 10 milion that is, if the total value of all firms in the market is $5 billion, the index would be quoted as 500, Desglos Monnoll Dynamics General International Rockwell Shares millions 145 450 310 1/1/19 94 66 95 1/1/20 $97 51 34 1/1/21 0109 75 101 Boob a. Calculate the initial value of the index if a value-weighting scheme is used (Round your answer to 2 decimal places) Print Index value netorence b. What is the rate of return on this index for the year ending December 31, 2019? For the year ending December 31, 2020? (A negative value should be indicated by a minus sign. Do not round Intermediate calculations. Enter your answers as a percent Founded to 2 decimal places.) 2010 rotum 2020 return The following three defense stocks are to be combined into a stock index in January 2019 (perhaps a portfolio manager believes these stocks are an appropriate benchmark for his or her performance). Assume the index is scaled by a factor of 10 million; that is, If the total value of all firms in the market is $5 billion, the index would be quoted as 500. Price Shares (million) 345 Douglas McDonnell Dynamics General International Rockwell 1/1/19 $ 94 66 95 1/1/20 $ 97 61 34 1/1/21 $109 75 101 450 310 a. Calculate the initial value of the index if a value-weighting scheme is used. (Round your answer to 2 decimal places.) index value b. What is the rate of return on this index for the year ending December 31, 2019? For the year ending December 31, 2020? (A negative value should be indicated by a minus sign. Do not round Intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.) 2019 retum 2020 retum