How is the name "Took" pronounced?

Question

After hearing someone pronounce "Took" (as in "Fool Of A...") the same as the English word "took", I wondered to myself: Have I been pronouncing it wrong this whole time? Did the movies pronounce it wrong? So I checked the Appendices and as far as I can tell, Tolkien is pretty unclear about the pronunciation of Hobbit names, other than to say:

The Westron or Common Speech has been entirely translated into English equivalents. All Hobbit names and special words are intended to be pronounced accordingly: for example, Bolger has g as in bulge, and mathom rhymes with fathom.

So which is it? Did Tolkien ever clarify?

• Rhymes with "book" (/tʊk/)
• Rhymes with "duke" (/tuːk/)

Answer 1

It's pronounced /tuːk/:

In the case of persons, however, Hobbit-names in the Shire and in Bree were for those days peculiar, notably in the habit that had grown up, some centuries before this time, of having inherited names for families. Most of these surnames had obvious meanings in the current language, being derived from jesting nicknames, or from place-names, or (especially in Bree) from the names of plants and trees. Translation of these presented little difficulty; but there remained one or two older names of forgotten meaning, and these I have been content to anglicize in spelling: as Took for Tûk, or Boffin for Bophîn.

_{LotR, Appendix F "The Languages and Peoples of the Third Age", II "On Translation"}

Where the caret on the "u" in this case indicates a long vowel:

Long vowels are usually marked with the 'acute accent', as in some varieties of Fëanorian script. In Sindarin long vowels in stressed monosyllables are marked with the circumflex, since they tended in such cases to be specially prolonged; so in dûn compared with Dúnadan.

_{LotR, Appendix E "Writing and Spelling", I "Pronunciation of Words and Names", Vowels}