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Stocks ABC, QRS , and XYZ have stock prices at the end of day 0 of $ 3 4 , $ 5 2 , and

Stocks ABC, QRS, and XYZ have stock prices at the end of day 0 of $34,$52, and $70, respectively. At the end of day 0, their shares outstanding (in millions) are 750,575, and 450, respectively. Before trading begins on day 2, Stock XYZ does a three-for-one stock split. At the end of day 2, Stocks ABC,QRS, and xYZ have stock prices of $31,$56, and $25. What is the return on a value-weighted index over this two-day period (i.e., from t=0 to t=2)?(Be careful to consider whether you need to incorporate the stock split in your calculations)
Multiple Choice
2.65%
2.92%
3.09%
3.69%
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