P0	Q0	P1	Q1	P2	Q2
A	90	100	95	100	95	100
B	50	200	45	200	45	200
C	100	200	110	200	55	400

. 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

9. Using the data above calculate the first- period rates of return on the following indexes of the three stocks:

a. A market value weighted index

b. An equally weighted index

10. Find the after-tax return to a corporation that buys a share of preferred stock at $40, sells it at year-end at $40, and receives a $4 year-end dividend. The firm is in the 30% tax bracket. (for the purpose of exercise, assume 70% exclusion in dividend for tax purpose)

11. Preferred stock yields often are lower than yields on bonds of the same quality because of:

a. Marketability

b. Risk

c. Taxation

d. Call protection

PLease answer the following questions and show your work for each!