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Consider three stocks, x , Y , and Z , in the following table. P O , P 1 , and P 2 represent prices
Consider three stocks, and in the following table. and represent prices at time and Q Q and Q represent shares outstanding. Stock Z splits two for one in the last period.
tableStocksPQPQPQXYZ
The rate of return on a priceweighted index of the three stocks for the first period from period to is
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