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. 36,000 $ 74 $ 82

Picard Co. 33,000 115 123

Return __________%