You are given the following information concerning two, Financial Management

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You are given the following information concerning two

You are given the following information concerning two stocks that make up an index. Kirk, Inc. 35,000 shares outstanding, Price per share: $37 Beg of year, $42 End of year. Picard Co. 26,000 shares outstanding, Price per share: $84 Beg of year, $91 End of year. Assume the value-weighted index level was 408.16 at the beginning of the year. What is the index level at the end of the year?

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