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A benchmark market value index is comprised of three stocks. Yesterday the three stocks were priced at $10, $18, and $40. The number of outstanding shares for each is 610,000 shares, 510,000 shares, and 210,000 shares, respectively. If the stock prices changed to $14, $16, and $42 today respectively, what is the 1-day rate of return on the index? 6.00% 9.29% O 777% O 12.62% Assume you purchased 600 shares of XYZ common stock on margin at $75 per share from your broker. If the initial margin is 75%, the amount you borrowed from the broker is Multiple Choice $33,750 $56,250 $45,000 $11,250