13. Price-Weighted Divisor (LO4, CFA2) You construct a price-weighted index of 40 stocks. At the beginning of
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13. Price-Weighted Divisor (LO4, CFA2) 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 1 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?
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Related Book For 
Fundamentals Of Investments Valuation And Management
ISBN: 9781260013979
9th Edition
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
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