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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.

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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. Enter your answer as a percent rounded to 2 decimal places.) Price per Share Beginning of Year $ 61 $ 67 111 117 Shares Outstanding 38,000 27,500 Kirk, Ine. Picard Co. Rehim

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