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Consider the three stocks in the following table. P t represents price at time t , and Q t represents shares outstanding at time t.

Consider the three stocks in the following table. Pt represents price at time t, and Qt represents shares outstanding at time t. Stock C splits two-for-one in the last period.

P0 Q0 P1 Q1 P2 Q2
A 98 100 103 100 103 100
B 58 200 53 200 53 200
C 116 200 126 200 63 400

Calculate the first-period rates of return on the following indexes of the three stocks:

a. A market valueweighted index

b. An equally weighted index

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