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

RETURN _________%