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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.

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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. Enter your answer as a percent rounded to 2 decimal places.) Shares Outstanding Price per Share Beginning of End of Year Year 33,000 $ 45 $ 50 Kirk, Inc. Picard Co. 31,500 75 81 Answer is complete but not entirely correct. Return 1.66 X %

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