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You want to form a price–weighted technology stock index using Apple, Google, and Microsoft. Apple’s adjusted...

You want to form a price–weighted technology stock index using Apple, Google, and
Microsoft. Apple’s adjusted closing price for 2018 is $157.74 and for 2017 is $166.73;
Google’s adjusted closing price for 2018 is $1,035.61 and for 2017 is $1,046.40; Microsoft’s
adjusted closing price for 2018 is $101.57 and for 2017 is $84.08. What is the annual return
for your price–weighted technology stock index for 2018?
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Answer #1

Annual return=((157.74+1035.61+101.57)/3-(166.73+1046.40+84.08)/3)/((166.73+1046.40+84.08)/3)
=-0.1765%

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