17.

a) A stock was purchased at $219, it paid $3 in annual dividends, and was sold exactly three years later for a net price of $199. Compute the total return of the stock expressed as a percent. Round your answer to two decimals using no symbols or formatting. For example, a value of 12.78% should be entered as 12.78.

b)

Stocks X, Y, and Z are initially priced at $35, $65, and $72, respectively, and they are used to construct a price-weighted index with a base value of 100. One year later the stocks above are valued at $43, $72, and $81, respectively. What is the value of the index at the end of year one? Round your answer to two decimals without any formatting or symbols.