Assume the value-weighted index level was 246.48 at the beginning of the year. W

Question

Assume the value-weighted index level was 246.48 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.)

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

Assume the value-weighted index level was 246.48 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.)

Explanation / Answer

The market capitalisation of the two shares and the totals are as given below:

The ending index level = (246.48/4030000)*4348000 = 265.93

# shares Share Price $ Value beginning ending beginning ending Kirk Inc 37000 40 44 1480000 1628000 Co 34000 75 80 2550000 2720000 4030000 4348000

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