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a. Tahiji is a small island in the south Pacific where the stock exchange has...

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Accounting

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a. Tahiji is a small island in the south Pacific where the stock exchange has only two listed stocks. They publish two stock indexes so that the world will know the status of the Tahijian Stock Market TSM). Consider the two stocks on the TSM: 12/31/2014 Price Total Shares 12/31/2015 Price Total Shares 1000 1000 Coco-Nutz R US 50 60 1000 Tahijian Electric 100 43 3000 Note that Tahijian Electric split 3:1 in 2015 What was the rate of return on the TSM during 2015 as reported by their Price Weighted average? Enter as percent. So, for 4% enter "4" or "4.00" carry out to basis points (ie, 1/ 100 percent)

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