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A benchmark index has three stocks priced at $32, $35, and $70. The number of outstanding shares for each is 350000 shares, 405000 shares, and

"A benchmark index has three stocks priced at $32, $35, and $70. The number of outstanding shares for each is 350000 shares, 405000 shares, and 553000 shares, respectively. Suppose the price of these three stocks changed to $30, $40, and $62 and number of outstanding shares did not change, what is the equal-weighted index return?"

-3.65%

0.72%

-1.13%

-4.45%

question 18

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