Question
You are given the following information concerning two stocks that make up an index. Assume the value-weighted index level was 246.48 at the beginning of
| You are given the following information concerning two stocks that make up an index. |
| Assume the value-weighted index level was 246.48 at the beginning of the year. What is the index level at the end of the year? (Do not round intermediate calculations. Round your answer to 2 decimal places.) |
| Price per Share | ||||||||||||
| Shares Outstanding | Beginning of Year | End of Year | ||||||||||
| Kirk, Inc. | 37,000 | $ | 40 | $ | 44 | |||||||
| Picard Co. | 34,000 | 75 | 80 | |||||||||
| Index level |
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Contemporary Quantitative Finance
Authors: Carl Chiarella, Alexander Novikov
2010th Edition
3642034780, 978-3642034787
