the average rate of return of the stocks coles an equally weighted index is one in which the index value is computed from measure portfolio performance.

The following three defense stocks are to be combined into a stock index in January $2019($perhaps a portfolio manager believes these stocks are an appropriate benchmark for his or her performance$)$:

$\backslash$table$[[,,$Price$],[,$Shares,,,$],[$Douglas McDonnell,$425,$$$72,$$$75,$$$92$

a$.$ Compute the rate of return on an equally weighted index of the three defense stocks for the year ending December $31,2019.($A negative value should be indicated by a minus sign. Do not round intermediate calculations. Enter your answer as a percent rounded to $2$ decimal places.$)$

Index return

b$.$ If the index value is set to $100$ on January $1,2019,$ what will the index value be on January $1,2020?($Do not round intermediate calculations. Round your answer to $2$ decimal places.$)$

c$.$ What is the rate of return on the index for $2020?($Do not round intermediate calculations. Enter your answer as a percent rounded to $2$

the average rate of return of the stocks comes an equally weighted index is one in which the index value is computed from measure portfolio performance.

The following three defense stocks are to be combined into a stock index in January $2019($perhaps a portfolio manager believes these stocks are an appropriate benchmark for his or her performance$)$:

$\backslash$table$[[,,$Price$],[,$Shares,,,$],[$Douglas McDonnell,$($millions$),\frac{1}{1}\frac{?}{19},\frac{1}{1}\frac{?}{20},\frac{1}{1}\frac{?}{21}$decimal places.$)$

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