Consider the following P represents price of stock at time t and Q represents shares outstanding at time t.

P0 Q0 P1 Q1 P2 Q2

Stock A $80 400 $90 400 $85 400

Stock B $60 300 $55 300 $55 300

Stock C $90 200 $100 200 $50 400

e. Calculate rate of return for first period for Equally Weighted Index on day t = 0 to t = 1 Assume $50,000 investment in each stock