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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 for 2019 is $1,337.02; Netflix's adjusted closing price for 2020 is $540.73 and for 2019 is $323.57.
The additional information that you gathered is their market values at the end of 2019 or beginning of 2020; in billions of dollars, 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 decimal places.
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