Business, 23.03.2020 18:22 ellaemtagedeane

You are given the following information concerning two stocks that make up an index.

Assume that you want to reindex with the index value at the beginning of the year equal to 100. What is the index level at the end of the year? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Price per Share

Shares Outstanding Beginning of Year End of
Year
Kirk, Inc. 40,000 $ 38 $ 42
Picard Co. 28,500 73 81

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You are given the following information concerning two stocks that make up an index.

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