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Consider the three stocks in the following table. represents price at time , and represents shares outstanding at time . Stock C splits two for one in the last period. <image 1> Calculate the rate of return for the second period ( to ) (A) 0 (B) 1.23% (C) 2.38% (D) 3.57% Answer with the option's letter from the given choices directly. No punctuation. | D Difficulty: Medium Subfield: Financial Marketing Explanation: The return is zero. The index remains unchanged because the return for each stock separately equals zero. |
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