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ABC Stock Index is a value-weighted index comprising of four stocks. Calculate the return of ABC Stock Index during 2006 by using the following data.

ABC Stock Index is a value-weighted index comprising of four stocks. Calculate the return of ABC Stock Index during 2006 by using the following data.

Data as of Jan. 1, 2006

Data as of Dec. 31, 2006

Stock

Price

Shares Outstanding

Price

Shares Outstanding

Google

$55

1 Million

$35

3 Million

Yahoo

$100

2 Million

$150

2 Million

Microsoft

$32

3 Million

$22

3 Million

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