An investor buys a security at a bond equivalent yield of 12% with 130 days to maturity. The investor's Effective Annual Yield on this investment is _____.

An investor buys a security at a bank discount rate of 7% with 50 days to maturity. The investor's effective annual yield on this investment is _____.

A benchmark index has three stocks priced at $60, $65, and $70. The number of outstanding shares for each is 444,000 shares, 555,000 shares, and 777,000 shares, respectively. Suppose the price of these three stocks changed to $40, $70, and $90, respectively and number of outstanding shares did not change, what is the value-weighted index return?