Abstract
Let X be a nonsingular complex projective variety that is acted on by a reductive group $G$ and such that $X^{ss} \neq X_{(0)}^{s}\neq \emptyset$. We give formulae for the Hodge--Poincar\'e series of the quotient $X_{(0)}^s/G$. We use these computations to obtain the corresponding formulae for the Hodge--Poincar\'e polynomial of the moduli space of properly stable vector bundles when the rank and the degree are not coprime. We compute explicitly the case in which the rank equals 2 and the degree is even.
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