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An index series is composed of the following three stocks: No. of Shares End of Day 1 (price End of Day 2 (price Outstanding before

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An index series is composed of the following three stocks: No. of Shares End of Day 1 (price End of Day 2 (price Outstanding before split)/ $ after split) /$ End of Day 3/$ STOCK A 5 million 10 12 13 STOCK B 4 million 20 19 20 STOCK C 1 million 60 22 23 If stock C completes a three-for-one split at the end of Day 1, compute the followings: 1. The Price-Weighted Index returns (in %) in Day 2 and Day 3. 2. The Value-Weighted Index returns (in %) in Day 2 and Day 3

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