The following three defense stocks are to be combined into a stock index in January $2022($perhaps a portfolio manager believes these stocks are an approbriate benchmark for his or her performance. suppose that Doudlas McDonnell shareholders approve a $3$ for $1$ stock split on Januarv $1.2023$The following three defense stocks are to be combined into a stock index in January $2022($perhaps a portfolio manager believes

these stocks are an appropriate benchmark for his or her performance$).$ Suppose that Douglas McDonnell shareholders approve a $3-$

for$-1$ stock split on January $1,2023.$

a$.$ What is the new divisor for the index?

Note: Do not round intermediate calculations. Round your answer to $3$ decimal places.

New divisor

b$.$ Calculate the rate of return on the index for the year ending December $31,2023,$ if Douglas McDonnell's share price on January $1,$

$2024,$ is $$38\mathrm{.}40$ per share.

Note: Do not round intermediate calculations. Enter your answer as a percent rounded to $2$ decimal places.

Doualas McDonnell

Genera u

Internatlond

Shares $($millions$)$

$450$

$103$

$ $109$

$1/1/24$

$123$

a$.$ what Is the new divisor for the index?

Note: Do not round intermediate calculations. Round vour answer to $3$ decimal places

New Divisor?

b$.$ Calculate the rate of return on the indey for the vear ending December $31.2023$ if Doualas McDonnell's share price on Januarv $1$

$2024.$ is $$38\mathrm{.}40$ per share.

Note: Do not round intermediate calculations. Enter vour answer as a bercent rounded to $2$ decimal places.

Rate of return?

My answers are wrong on the picture!