Assume that the DJIA closed at 10,875 one day recently, and the divisor was 12493117 a What is the sum of the prices of the 30 stocks in the index, given this information b Assume that one stock in the index, Pfizer, moved $4 40 that day, while the index itself moved about 105 points (to close at 1...

Assume that the DJIA closed at 10,875 one day recently, and the divisor was .12493117. a. What

Question:

Assume that the DJIA closed at 10,875 one day recently, and the divisor was .12493117.
a. What is the sum of the prices of the 30 in the index, given this information?
b. Assume that one stock in the index, Pfizer, moved $4.40 that day, while the index itself moved about 105 points (to close at 10,875). What percentage of the total movement in the DJIA that day was accounted for by the movement in Pfizer?
c. Now assume that one of the 30 had a 2-for-l stock split that day, declining from $47.50 to $23.75. What would the new divisor have to be to keep the index unchanged at 10,875?
Stocks
Stocks or shares are generally equity instruments that provide the largest source of raising funds in any public or private listed company's. The instruments are issued on a stock exchange from where a large number of general public who are willing...