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ou are given the following information concerning two stocks that make up an index. Assume the value-weighted index level was 408.16 at the beginning of the year. What is the index level at the end of the year? Note: Round your answer to 2 decimal places. Kirk, Incorporated Picard Company Index level Shares Outstanding 35,000 26,000 Price per Share Beginning of Year $ 37 84 End of Year $42 91

ou are given the following information concerning two stocks that make up an index. Assume the value-weighted index level was 408.16 at the beginning of the year. What is the index level at the end of the year? Note: Round your answer to 2 decimal places. Kirk, Incorporated Picard Company Index level Shares Outstanding 35,000 26,000 Price per Share Beginning of Year $ 37 84 End of Year $42 91

Essentials Of Investments
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
Section: Chapter Questions
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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 408.16 at the beginning of the year. What is the index level at the end of the year? Note: Round your answer to 2 decimal places. Kirk, Incorporated Picard Company Index level Shares Outstanding 35,000 26,000 Price per Share Beginning of Year $ 37 84 End of Year $ 42 91
Transcribed Image Text:You are given the following information concerning two stocks that make up an index. Assume the value-weighted index level was 408.16 at the beginning of the year. What is the index level at the end of the year? Note: Round your answer to 2 decimal places. Kirk, Incorporated Picard Company Index level Shares Outstanding 35,000 26,000 Price per Share Beginning of Year $ 37 84 End of Year $ 42 91
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