Consider the following stock price and shares outstanding information DECEMBER 31, Year 1 DECEMBER 31, Year 2 Price Shares Outstanding Price Shares Outstanding Stock K $21 103,000,000 $32 103,000,000 Stock M 72 2,200,000 40 4,400,000 a Stock R 40 25,000,000 44 25,000,000 a Stock split two for one d...

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Consider the following stock price and shares outstanding information. DECEMBER 31, Year 1 DECEMBER 31, Year 2

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Consider the following stock price and shares outstanding information.

	DECEMBER 31, Year 1		DECEMBER 31, Year 2
	Price	Shares Outstanding	Price	Shares Outstanding
Stock K	$21	103,000,000	$32	103,000,000
Stock M	72	2,200,000	40	4,400,000^a
Stock R	40	25,000,000	44	25,000,000
^aStock split two-for-one during the year.

Compute the beginning and ending values for a price-weighted index and a market-value-weighted index. Assume a base value of 100 and Year 1 as the base period. Do not round intermediate calculations. Round your answers to two decimal places.
PWI_{Year 1}:
PWI_{Year 2}:
VWI_{Year 1}:
VWI_{Year 2}:
Compute the percentage change in the value of each index during the year. Do not round intermediate calculations. Round your answers to two decimal places.
Percentage change in PWI: %
Percentage change in VWI: %
Compute the percentage change for an unweighted index assuming $1,000 is invested in each stock. Do not round intermediate calculations. Round your answer to two decimal places.
%