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Assume the following information concerning two stocks that make up an index. What is the price-weighted return for the index? (Do not round intermediate calculations.

Assume the following information concerning two stocks that make up an index. What is the price-weighted return for the index? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Omit the "%" sign in your response.)

Price per Share
Shares Outstanding Beginning of Year End of Year
Kirk, Inc. 37,000 $ 40 $ 44
Picard Co. 33,500 75 80

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