Assume the following information concerning two stocks that make up an Index. What is the value-weighted return for the Index? Note: Do not round Intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Kirk, Incorporated Picard Company Return % Shares outstanding 40,000 28,500 Price per Share Beginning of Year $38 73 End of Year $42 81

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Assume the following Information concerning two stocks that make up an Index. What is the value-weighted return for the Index?
Note: Do not round Intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.
Kirk, Incorporated
Picard Company
Return
%
Shares
outstanding
40,000
28,500
End
Price per Share
Beginning of Year
$38
73
of Year
$ 42
Transcribed Image Text:Assume the following Information concerning two stocks that make up an Index. What is the value-weighted return for the Index? Note: Do not round Intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Kirk, Incorporated Picard Company Return % Shares outstanding 40,000 28,500 End Price per Share Beginning of Year $38 73 of Year $ 42
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