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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,

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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, 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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