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A benchmark market value index is comprised of three stocks. Yesterday the three stocks were priced at $14, $24, and $50. The number of outstanding
A benchmark market value index is comprised of three stocks. Yesterday the three stocks were priced at $14, $24, and $50. The number of outstanding shares for each is 740,000 shares, 640,000 shares, and 340,000 shares, respectively. If the stock prices changed to $18, $22, and $52 today respectively, what is the 1-day rate of return on the index? | ||||||||
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