A benchmark market value index is comprised of three stocks. Yesterday the three stocks were priced at $15,$35, and $80. The number of outstanding shares for each is 900,000 shares, 800,000 shares, and 100,000 shares, respectively. If the stock prices changed to $14,$15, and $130 today respectively, what is the 1-day rate of return on the index? 24.04% 22.31% 18.27% 13.52% An investor puts up $50,000 but borrows an equal amount of money from his broker to double the amount invested to $100,000. The broker charges 5% on the loan. The stock was originally purchased at $50 per share, and in 1 year the investor sells the stock for $63. The investor's rate of return was 47.0% 52.0% 26.0% 33.0% 39.0% You invest in a mutual fund that charges a 3% front-end load, 1% total annual fees, and a 2% backend load, which decreases .5% per year. How much will you pay in fees on a $10,000 investment that does not grow if you cash out after 3 years of no gain? $635 $103 $553 $219