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QUESTION 6 4 points Save Answer You use the following three stocks to create an index: KKR, LUV, and MAD. Their respective beginning-of-year prices are

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QUESTION 6 4 points Save Answer You use the following three stocks to create an index: KKR, LUV, and MAD. Their respective beginning-of-year prices are $50, $100, and $25, and their end-of-year prices are $60, $98, and $30. The total number of shares outstanding is 100 MM for KKR, 60 MM for LUV and 40 MM for MAD. What is the return on the value-weighted index? A. 9% B. 7% C. 8% D.6%

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