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onty The Tiny stock market has two companies listed on the exchange. Data for the two shares is given in the table below. The Tiny

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onty The Tiny stock market has two companies listed on the exchange. Data for the two shares is given in the table below. The Tiny Market Index (TMI) is value-weighted and its base day is Day 1. You hold a portfolio with one share of company A and four shares of company B. Company A Company B # of Day Price Shares Price # of Shares $8.00 900 $12.00 3,600 $8.64 900 $13.56 3,600 1 2 Express your answers to the following questions in percentage form rounded to one decimal. 1. What is the return on your portfolio from Day 1 to Day 2? 2. What is the difference between the return on your portfolio and the return on the TMI trom Day 1 to Day 22 (Your return minus the index weight.) 3. What is the difference between the weight of company A in the TMI and the weight of Company A in your portfolio? (Your weight minus the index weight.)

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