Assume that you want to reindex with the index value at the beginning of the year equal to 100. What is the index level at the end of the year? (Do not round intermediate calculations. Round your answer to 2 decimal places.) SHOW ALL WORK

You are given the following information concerning two stocks that make up an index Assume that you want to reindex with the index value at the beginning of the year equal to 100. What is the index level at the end of the year? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Price per Share Shares Beginning End of Outstanding of Year 38,000 48 34,000 Year Kirk, Inc. 53 Picard Co. 84 Index level