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b. Calculate the rate of return on the index for the year ending December 31, 2020, if Douglas McDonnell's share price on January 1, 2021,
b. Calculate the rate of return on the index for the year ending December 31, 2020, if Douglas McDonnell's share price on January 1, 2021, is $31.08 per share. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Rate of return % 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). Suppose that Douglas McDonnell shareholders approve a 3-for-1 stock split on January 1, 2020. Price Shares (millions) 415 1/1/20 1/1/21 Douglas McDonnell 1/1/19 $ 84 23 $ 89 $106 Dynamics General 225 16 30 International Rockwell 350 52 41 55 a. What is the new divisor for the index? (Do not round intermediate calculations. Round your answer to 3 decimal places.) New divisor
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