You want to form a value-weighted technology stock index, Financial Management

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You want to form a value-weighted technology stock index

You want to form a value-weighted technology stock index using Apple, Google, and Microsoft.

Apple's adjusted closing price for 2016 is $115.82 and for 2015 is $105.26; Google's adjusted closing price for 2016 is $771.82 and for 2015 is $758.88; Microsoft's adjusted closing price for 2016 is $62.14 and for 2015 is $55.48.

The additional information that you gathered is their market values at the end of 2015 or beginning of 2016; in billions of dollars, Apple's market value is $630.94 B, Google's market value is $561.64 B, and Microsoft's market value is $487.83 B.

What is the annual return for your value-weighted technology stock index for 2016?

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Financial Management: You want to form a value-weighted technology stock index

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Financial Management: You want to form a value-weighted technology stock index

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