You are given the following information concerning two stocks that make up an index. Assume the value-weighted index level was 300.45 at the beginning of the year. What is the index level at the end of the year? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Kirk, Inc. Picard Co. Index level Shares Outstanding 40,000 29,000 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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You are given the following information concerning two stocks that make up an index.
Assume the value-weighted index level was 300.45 at the beginning of the year. What is the index level at
the end of the year? (Do not round intermediate calculations. Round your answer to 2 decimal
places.)
Kirk, Inc.
Picard Co.
Index level
Shares
Outstanding
40,000
29,000
Price per Share
Beginning
of Year
$38
73
End of
Year
$ 42
81
Transcribed Image Text:You are given the following information concerning two stocks that make up an index. Assume the value-weighted index level was 300.45 at the beginning of the year. What is the index level at the end of the year? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Kirk, Inc. Picard Co. Index level Shares Outstanding 40,000 29,000 Price per Share Beginning of Year $38 73 End of Year $ 42 81
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