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A benchmark equally weighted index is comprised of three stocks. Yesterday the three stocks were priced at $12, $20, and $60. The number of outstanding
A benchmark equally weighted index is comprised of three stocks. Yesterday the three stocks were priced at $12, $20, and $60. The number of outstanding shares for each is 600,000 shares, 500,000 shares, and 200,000 shares, respectively. If the stock prices changed to $15, $18, and $62 today respectively, what is the 1-day rate of return on the index? 8.89% O 6.11% 5.26% 0 4.65%
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