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 37,000 27,000 Price per Share Beginning End of of Year Year $52 $58 77 81 Kirk, Inc. Picard Co. Answer is complete but not entirely correct. Return 8.24 % %

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