You want to form a value-weighted technology stock index using Apple, Google, and Netflix.Apple's adjusted closing price
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Question:
You want to form a value-weighted technology stock index using Apple, Google, and
Netflix.Apple's adjusted closing price for 2020 is $132.69 and for 2019 is $72.78;
Google's adjusted closing price for 2020 is $1,751.88 and for2019 is $1,337.02; Netflix's
adjusted closing price for 2020 is $540.73 and for 2019 is $323.57.
The additional informationthat you gathered is their market values at the end of 2019 or
beginning of 2020; in billions ofdollars, Apple's market value is $1,207.79 B, Google's
market value is $903.62 B, and Netflix's market value is $134.24 B.What is the annual
return for your value-weighted technology stock index for 2020?Enter your answer rounded
to two decimalplaces.
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