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A benchmark market value index is comprised of three stocks. Yesterday the three stocks were priced at $22, $32, and $70. The number of outstanding
A benchmark market value index is comprised of three stocks. Yesterday the three stocks were priced at $22, $32, and $70. The number of outstanding shares for each is 780,000 shares, 680,000 shares, and 380,000 shares, respectively. If the stock prices changed to $26, $30, and $72 today respectively, what is the 1-day rate of return on the index?
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4.52%
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3.85%
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2.69%
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6.05%
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