Stock	P0	Q0	P1	Q1	P2	Q2
A	70	200	72	200	36	400
B	85	500	81	500	81	500
C	105	300	98	300	98	300

Based on the information given for the three stocks, the first-period rate of return (from t = 0 to t = 1) on value-weighted index is

4.20%

-5.43%

5.43%

-4.20%