You construct a price-weighted index of 40 stocks. At the beginning of the day, the index is
Question:
You construct a price-weighted index of 40 stocks. At the beginning of the day, the index is 8,465.52. During the day, 39 stock prices remain the same, and one stock price increases $5.00. At the end of the day, your index value is 8,503.21. What is the divisor on your index?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 55% (9 reviews)
Change in in...View the full answer
Answered By
Jonas Araujo
I have recently received the degree of PhD. In Physics by the Universidade Federal do Maranhão after spending a term in Durham University, as I have been awarded a scholarship from a Brazilian mobility program. During my PhD. I have performed research mainly in Theoretical Physics and published works in distinguished Journals (check my ORCID: https://orcid.org/0000-0002-4324-1184).
During my BSc. I have been awarded a scholarship to study for a year in the University of Evansville, where I have worked in detection-analysis of photon correlations in the the Photonics Laboratory. There I was a tutor in Electromagnetism, Classical Mechanics and Calculus for most of that year (2012).
I am very dedicated, honest and a fast learner, but most of all, I value a job well done.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Fundamentals of Investments, Valuation and Management
ISBN: 978-1259720697
8th edition
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
Question Posted:
Students also viewed these Business questions
-
Tanner invested $1,000 in large U.S. stocks at the beginning of 2012. This investment earned 15.98 percent in 2012, 32.41 percent in 2013, 13.69 percent in 2014, and 1.41 percent in 2015. What return...
-
A) Funds flow statement and cash flow statement are one and the same. B) A cash flow statement can very well be equated with an 'Income statement'. Of these statements :- A B C D Both (A) and (B) are...
-
One day when your friend from Problem 40 is picking up a package, you notice that he bends at the waist to pick it up rather than keeping his back straight and bending his knees. You suspect that the...
-
100 grams of R-134a initially fill a weighted piston-cylinder device at 60 kPa and 220oC. The device is then heated until the temperature is 100oC. Determine the change in the device's volume as a...
-
Will a swimmer gain or lose buoyant force as she swims deeper in the water? Or will her buoyant force remain the same at greater depths? Defend your answer, and contrast it with your answer to the...
-
Fill in the missing values. 186.2 cm = _________ m
-
Lomax Company reported the following expenses in its financial statements (in thousands): REQUIRED: Using the reserve disclosure for Lomax Company given in problem 13 and the data presented in this...
-
A cross-flow heat exchanger used in a cardio-pulmonary bypass procedure cools blood flowing at 5 liter/min from a body temperature of 37C to 25C in order to induce body hypothermia, which reduces...
-
PROGRAMME: BACHELOR OF COMMERCE IN ACCOUNTING MODULE: COMMERCIAL LAW 1 QUESTION ONE 1.1. [35] "The ultimate goal in repealing The Companies Act, No. 61 of 1973, was to ensure that the regulatory...
-
Which of the following statements is correct regarding the payback method as a capital budgeting technique? a. The payback method considers the time value of money. b. An advantage of the payback...
-
In October 2015, Goldman Sachs was the highest priced stock in the DJIA and Cisco was the lowest. The closing price for Goldman Sachs on October 27, 2015, was $186.31, and the closing price for Cisco...
-
Suppose the following three defense stocks are to be combined into a stock index in January 2016 (perhaps a portfolio manager believes these stocks are an appropriate benchmark for his or her...
-
You purchased a stock at the end of the prior year at a price of $73. At the end of this year the stock pays a dividend of $1.20 and you sell the stock for $78. What is your return for the year? Now...
-
Audit evidence is required to be both sufficient and appropriate. Explain what is meant by this statement giving appropriate examples.
-
Explain why a good system of corporate governance is essential if the business risk approach is to be adopted.
-
How does the auditor establish the reasonableness of the allowance for uncollectible accounts?
-
Segregation of duties is a basic requirement of a good control system. Explain what is meant by this statement and show how segregation of duties in a modern computer system might differ from that in...
-
What is the best evidence of the collectibility of an account?
-
The following information has been extracted from the records of Stevens Stationery about one of its popular products. Stevens Stationery uses the perpetual inventory system. Its annual reporting...
-
For all of the following words, if you move the first letter to the end of the word, and then spell the result backwards, you will get the original word: banana dresser grammar potato revive uneven...
-
What is the difference between the retained earnings number on the income statement and that on the balance sheet?
-
The most recent financial statements for Bradley, Inc., are shown here (assuming no income taxes): Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next...
-
What are the 10K and 10Q reports? By whom are they filed? What do they contain? With whom are they filed? What is the easiest way to retrieve one?
-
on The following details were obtained from the books of Tia Maria Ltd: 200,000 ordinary shares @ $0.50 were repurchased at par value o Interest charges of $75,000 was paid during the year o...
-
Transaction 1 On March 1, the three classmates opened a checking account for The Wire at a local bank. They each deposited $20,000 in exchange for shares of stock. A few of their friends also...
-
At January 1, 2022, Marigold, Inc. has beginning inventory of 9400 boogie boards. Marigold estimates it will sell 6000 units during the first quarter of 2022 with a 6% increase in sales each quarter....
Study smarter with the SolutionInn App