Question
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.
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 | |||||||||||
| Shares Outstanding | Beginning of Year | End of Year | |||||||||
| Kirk, Inc. | 33,000 | $ | 45 | $ | 50 | ||||||
| Picard Co. | 31,500 | 75 | 81 | ||||||||
| Return % ? | |||||||||||
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Financial Management Principles And Applications
Authors: Sheridan Titman, Arthur Keown, John Martin
13th Global Edition
1292222182, 978-1292222189
