Problem 5-5 Value-Weighted Index (LO4, CFA2)

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.		42,000			$	54			$	61
Picard Co.		29,500				79				85

Return

%