acebook New Tab Calleine Saved nit 6 AS2: Chapter 5: Problem solving 7. The following three defense stocks are to be combined into a stock index in January 2019 (perhaps a portfolio manager believes these stocks are an appropriate benchmark for his or her performance): Price oints Shares (millions) 360 1/1/21 1/1/19 $ 65 Douglas McDonnell Dynamics General International Rockwell 1/1/20 $ 69 46 70 60 86 170 81 eBook a. Calculate the initial value of the index if a price-weighting scheme is used. Prim Index value References b. What is the rate of return on this index for the year ending December 31, 2019? For the year ending December 31, 2020? (A negative value should be indicated by a minus sign. Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.) % 2019 return 2020 return