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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
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? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Shares Outstanding 39,000 28,000 Price per Share Beginning End of of Year Year $ 72 $ 74 115 112 Kirk, Inc. Picard Co. Index level You are given the following total market values for an index over a five-year period. Assuming the index starts at 1,000, calculate the index value each year. (Do not round intermediate calculations. Round your answers to 2 decimal places.) Market value of the stocks Year 1:3,454 million Year 2: 3,410 million Year 3: 3,771 million Year 4: 3,571 million Year 5: 4,120 million
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