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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.) Price per Share Beginning End of of Year Year $ 53 $ 60 78 84 Shares Outstanding 42,000 29,500 Kirk, Inc. Picard Co. Return % You are given the following information concerning two stocks that make up an index. Assume the value-weighted index level was 420.16 at the beginning of the year. What is the index level at the end of the year? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Price per Share Beginning End of of Year Year $ 72 $ 77 113 122 Shares Outstanding 39,000 28,500 Kirk, Inc. Picard Co. Index level

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