Benchmark market value index is comprised of three stocks

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A benchmark market value index is comprised of three stocks. Yesterday the three stocks were priced at $20, $30, and $65. The number of outstanding shares for each is 770,000 shares, 670,000 shares, and 370,000 shares, respectively. If the stock prices changed to $24, $28, and $67 today respectively, what is the 1-day rate of return on the index?

Reference no: EM13932646

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