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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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