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The following three defense stocks are to be combined into a stock index in January 2013 (perhaps a portfolio manager believes these stocks are an

The following three defense stocks are to be combined into a stock index in January 2013 (perhaps a portfolio manager believes these stocks are an appropriate benchmark for his or her performance)

Price
Shares (millions) 1/1/13 1/1/14 1/1/15
Douglas McDonnell 535 $ 89 $ 94 $ 109
Dynamics General 450 70 65 79
International Rockwell 230 99 88 105

What is the rate of return on this index for the year ending December 31, 2013? For the year ending December 31, 2014? (Negative values should be indicated by a minus sign. Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places. Omit the "%" sign in your response.)

2013 return: _______%
2014 return _______%

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