Assume the following information concerning two stocks that make up an index. What is the value-weighted return for the index? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Kirk, Inc. Picard Co. Shares Outstanding 38,000 34,000 Return Price per Share Beginning of Year $46 76 End of Year $ 51 82 Answer is complete but not entirely correct. 11.72 %
Assume the following information concerning two stocks that make up an index. What is the value-weighted return for the index? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Kirk, Inc. Picard Co. Shares Outstanding 38,000 34,000 Return Price per Share Beginning of Year $46 76 End of Year $ 51 82 Answer is complete but not entirely correct. 11.72 %
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
Section: Chapter Questions
Problem 2MAD
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