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The following three defense stocks are to be combined into a stock index in January...

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The following three defense stocks are to be combined into a stock index in January 2019 (perhaps a portfolio manager believes these stocks are an appropriate benchmark for his or her performance). Suppose that Douglas MeDonnell shareholders approve a 3 for-1 stock split on January 1,2020. a. What is the new divisor for the index? (Do not round intermediate calculations. Round your answer to 3 decimal places.) b. Calculate the rate of return on the index for the year ending December 31, 2020, if Douglas McDonnell's share price on January 1. 2021, is $33.38 per share. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

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