CoursHeroTranscribedText: 8. Sundand & Poor's announced In 2001 that it was considering integrating free float adjustments to it's existing practices for the S&l' Australian Index. It said that it would use a memoaure called loveable Weight Factor (IWP) to reflect a company's froc Ihat. A full free-floated company will have an IVF of 1(10 percent. Four others, the TWI will be adjusted downward by suluracting the percentage of shum that are not freely available for trade. Now consider three Australian manuformring companies Alpha, hera, and Camma Alpha own 5 percent cach of Hera and Gamma Gamma owen 15 percent of Bein. Taking into account the cries holdings. what will be the IF of each compami