A market index is comprised of three stocks. If the index is market value - weighted index, what is the one day rate of return on the index ?

Stocks PO QP P1 Q1

A $49 300,000 $55 300,000

B $20 500,000 $16 500,000

C $60 200,000 $66 200,000

-1.13%

2.72%

3.27%

1.65%

4.26%