Question
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.)
| Price per Share | |||||||||||
| Shares Outstanding | Beginning of Year | End of Year | |||||||||
| Kirk, Inc. | 41,000 | $ | 75 | $ | 83 | ||||||
| Picard Co. | 35,500 | 116 | 121 | ||||||||
Return: %
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Financial Markets And Institutions
Authors: Stanley Eakins Frederic Mishkin
9th Global Edition
1292215003, 978-1292215006
