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A benchmark price weighted index is comprised of three stocks. Yesterday the three stocks were...

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Accounting

A benchmark price weighted index is comprised of three stocks. Yesterday the three stocks were priced at $8, $12, and $15. The number of outstanding shares for each is 208,347 shares, 96,797 shares, and 197,444 shares, respectively. If the stock prices changed to $6, $18, and $19 today respectively, what is the 1-day rate of return on the index?

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