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The Tiny stock market has two companies listed on the exchange. Data for the two shares is given in the table below. The Tiny Market

The Tiny stock market has two companies listed on the exchange. Data for the two shares is given in the table below. The Tiny Market Index (TMI) is value-weighted and its base day is Day 1. What is the portfolio weight for Company A on Day 1?
Company A
Company B
Day
Price
# of Shares
Price
# of Shares
1
$10
500
$11
1,500
2
$11
500
$13
1,500
Express your answer in percentage form rounded to one decimal.
Portfolio weight =
%

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