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 information concerning two stocks that make up an index. Assume the value-weighted index level was 41716 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 Shares Beginning End of Outstanding of YearYear Kirk, Ine. Picard Co. 38,000 28,000 s 61 s 67 Index level
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