X = 7

QUESTION 22 Consider the three stocks in the following table. P t represents price at time, and Q_t represents shares outstanding at timet. Stock splits two-lorone at time Q_0 A B PO 52 50 210 100 200 200 P_1 56 45 20x Q_1 100 200 200 P_2 64 40 100 Q2 100 200 400 What is the rate of return of the value-weighted index of the three stocks for t-2