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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.)

Price per Share
Shares Outstanding Beginning of Year End of Year
Kirk, Inc. 33,000 $ 45 $ 50
Picard Co. 31,500 75 81

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