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addition to price-weighted and value-weighted indexes, an equally weighted index is one in which the index value is computed from he average rate of return

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addition to price-weighted and value-weighted indexes, an equally weighted index is one in which the index value is computed from he average rate of return of the stocks comprising the index. Equally weighted indexes are frequently used by financial researchers to heasure portfolio performance. he following three defense stocks are to be combined into a stock index in January 2019 (perhaps a portfolio manager believes these tocks are an appropriate benchmark for his or her performance): 1. Compute the rate of return on an equally weighted index of the three defense stocks for the year ending December 31,2019 . (A egative value should be indicated by a minus sign. Do not round intermediate calculations. Enter your answer as a percent ounded to 2 decimal places.) If the index value is set to 100 on January 1, 2019, what will the index value be on January 1,2020 ? (Do not round intermediate alculations. Round your answer to 2 decimal places.)

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