Question: Problem 5-7 Index Level (LO4, CFA2) You are given the following information concerning two stocks that make up an index Assume the value-weighted index level

Problem 5-7 Index Level (LO4, CFA2) You are given the following

Problem 5-7 Index Level (LO4, CFA2) You are given the following information concerning two stocks that make up an index Assume the value-weighted index level was 211.98 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.) Price per Share Beginning End of Year Shares Outstanding of Year Kirk, Inc. Picard Co. $ 54 79 $ 61 34,000 32,500 85 Index level

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