Problem $4-02$

You are given the following information regarding prices for a sample of stocks.

Price $($$$)$StockNumber of SharesTT $+1$A$2,800,0007082$B$10,000,0002438$C$28,000,0001528$

Construct an equal$-$weighted index by assuming $$1,000$ is invested in each stock. What is the percentage change in wealth for this portfolio? Do not round intermediate calculations. Round your answer to two decimal places.

Percentage change:$\%$

Compute the percentage of price change for each of the stocks. Do not round intermediate calculations. Round your answers to two decimal places.

Stock A:$\%$

Stock B:$\%$

Stock C:$\%$

Compute the arithmetic mean of these percentage changes. Do not round intermediate calculations. Round your answer to two decimal places.

Arithmetic average:$\%$

Compute the geometric mean of the percentage changes in part b$.$ Do not round intermediate calculations. Round your answer to two decimal places.

Geometric average:$\%$