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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.
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. | 41,000 | $ | 75 | $ | 83 | ||
Picard Co. | 35,500 | 116 | 121 |
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