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Problem 5-6 Reindexing (LO4, CFA2) You are given the following information concerning two stocks that make up an index. Assume that you want to reindex

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Problem 5-6 Reindexing (LO4, CFA2) You are given the following information concerning two stocks that make up an index. Assume that you want to reindex with the index value at the beginning of the year equal to 100. What is the index level at the end of the year? (Round your answer to 2 decimal places.) Price per Share Shares Beginning End of Outstanding of Year Kirk, Inc. 35,000 Picard Co. 26,000 $37 84 Year $42 91 Index level

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