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

Required:

Calculate the first-period rates of return on the following indexes of the three stocks: (Do not round intermediate calculations. Round your answers to 2 decimal places.) a. A market valueweighted index

b. An equally weighted index

A B C Po 96 56 112 00 100 200 200 P1 101 51 122 01 100 200 200 P2 101 51 61 Q2 100 200 400