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Use the information below to answer the question Consider the three stocks in the following table. Pe represents price at time t, and Qt represents
Use the information below to answer the question Consider the three stocks in the following table. Pe represents price at time t, and Qt represents shares outstanding at time t. Stock C splits two-for-one in the last period (t=2). Po Qo P1 Q1 P2 Q2 A91 100 96 100 96 100 B 51 200 46 200 46 200 C 102 200 112 200 56 400 Question: Calculate the rate of return on a price-weighted index of the three stocks for the first period (t = 0 tot = 1). (Do not round intermediate calculations. Round your answer to 4 decimal places.) Please answer numerical questions using decimal number (e.g. use 0.01 instead of 1%)
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