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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

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. 40,000 $ 38 $ 42
Picard Co. 28,500 73 81

Return ___________%

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