Question: You are given the following information concerning two stocks that make up an index. Assume the value-weighted index level was 411.16 at the beginning of

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

Assume the value-weighted index level was 411.16 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 Outstanding	Beginning of Year		End of Year
Kirk, Inc.	36,000	$	44	$	48
Picard Co.	27,000		75		84

Index level

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