The following table represents three stocks trading in ASX. Consider that Price (t) represents the price at time t, and Share outstanding (t) denotes the shares outstanding at time t. In the last period, the Stock-Z splits to two-for-one

Calculate the rate of return on a price-weighted index of the stock X/Y & Z for the first period (t=0 to t=1) and second period (t=1 to t=2)

Price (0) Share outstanding (o) Price (1) Share outstanding (1) Price (2) 105 Share outstanding (2) 110 100 110 105 110 Stock -X Stock-Y Stock-Z 60 210 55 210 55 210 110 210 120 210 65 410