Question
You are given the following information concerning two stocks that make up an index. What is the percentage price-weighted return for the index? (Round your
You are given the following information concerning two stocks that make up an index. What is the percentage price-weighted return for the index?
(Round your answer to 2 decimal places. Omit the "%" sign in your response.)
| Price per Share | |||
| Shares Outstanding | Beginning of Year | End of Year | |
| Kirk, Inc. | 35,000 | $41 | $40 |
| Picard Co. | 26,000 | 80 | 91 |
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Financial Literacy For Managers
Authors: Richard A. Lambert
1st Edition
1613630182, 978-1613630181
