In January 2008, IBM was the highest priced stock in the DJIA and Intel was the lowest.

Question:

In January 2008, IBM was the highest priced stock in the DJIA and Intel was the lowest. The closing price for IBM on January 4, 2008, was $101.13 and the closing price for Intel was $22.67. Suppose the next day the other 29 stock prices remained unchanged and IBM increased 5 percent. What would the new DJIA level be? Now assume only Intel increased by 5 percent. Find the new DJIA level.