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Consider the three stocks (A, B, C) in the following table. Pt represents price per share at time t, and Qt represents shares outstanding at

Consider the three stocks (A, B, C) in the following table. Pt represents price per share at time t, and Qt represents shares outstanding at time t. There are three different time points 0, 1, and 2, as indicated by the subscripts of the column names. You have $1 million to invest.

P0 Q0 P1 Q1 P2 Q2
A 90 100 95 100 95 100
B 50 200 45 200 45 200
C 100 200 110 200 105 200

a. To form an equally weighted portfolio in stocks A, B, and C at time 0, how much money should you invest in stock B? (Round your result to dollars, keep no decimal place.)

b. If you do form an equally weighted portfolio at time 0, what is your portfolio return from time 0 to time 1? (Keep two decimal places.)

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