Check my work The following three defense stocks are to be combined into a stock index in January 2016 (perhaps a portfolio manager believes these stocks are an appropriate benchmark for his or her performance): Price Shares (millions) 340 450 1/1/16 $103 45 1/1/17 $106 1/1/18 $118 53 39 Douglas McDonnell Dynamics General International Rockwell 410 74 63 a. Compute the rate of return on an equally weighted index of the three defense stocks for the year ending December 31, 2016. (A negative value should be indicated by a minus sign. Round your answer to 2 decimal places.) Index retum b. If the index value is set to 100 on January 1, 2016, what will the index value be on January 1, 2017? (Do not round intermediate calculations. Round your answer to 2 decimal places.) or c. What is the rate of return on the index for 2017? (Do not round intermediate calculation Round your answer to 2 decimal places.) Index retum % Na Q WERTY X