Assume the following information concerning two stocks that make up an index. What is the...
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Accounting
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.)
| Price per Share | |||||||||||
| Shares Outstanding | Beginning of Year | End of Year | |||||||||
| Kirk, Inc. | 32,000 | $ | 39 | $ | 43 | ||||||
| Picard Co. | 31,000 | 74 | 79 | ||||||||
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