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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?

  • 4.52%

  • 3.85%

  • 2.69%

  • 6.05%

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