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You are given the following information concerning two stocks that make up an index. Assume the value-weighted index level was 417.44 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 417.44 at the beginning of the year. What is the index level at the end of the year?
Shares Outstanding | Beginning of Year Price | End of year Price | |
Kirk, Inc. | 44,000 | $82 | $93 |
Picard Co. | 56,000 | 43 | 47 |
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