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Problem 5-4 Price-Weighted Index (LO4, CFA2) Assume the following information concerning two stocks that make up an index. What is the price-weighted return for

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Problem 5-4 Price-Weighted Index (LO4, CFA2) 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.) Kirk, Inc. Picard Co. Shares Outstanding 37,000 27,000 Price per Share Beginning of Year $52 77 End of Year $ 58 81 Return %

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