Question
You want to form a valueweighted technology stock index using Apple, Google, and Intel. Apples adjusted closing price for 2019 is $293.65 and for 2018
You want to form a valueweighted technology stock index using Apple, Google, and
Intel. Apples adjusted closing price for 2019 is $293.65 and for 2018 is $155.41;
Googles adjusted closing price for 2019 is $1,337.02 and for 2018 is $1,035.61; Intels
adjusted closing price for 2019 is $59.85 and for 2018 is $45.79.
The additional information that you gathered is their market values at the end of 2018 or
beginning of 2019; in billions of dollars, Apple's market value is $740.93 B, Google's market
value is $790.06 B, and Intel's market value is $198.35 B. What is the annual return for
your valueweighted technology stock index for 2019?
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