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Assume the following information concerning two stocks that make up an index. What is the value-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 value-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. | 42,000 | $ | 41 | $ | 45 | |||||||
Picard Co. | 36,000 | 76 | 82 | |||||||||
Return | % |
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