15. Price-Weighted Indexes (LO4, CFA2) In Problem 14, suppose that Douglas McDonnell shareholders approve a 3-for-1 stock
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15. Price-Weighted Indexes (LO4, CFA2) In Problem 14, suppose that Douglas McDonnell shareholders approve a 3-for-1 stock split on January 1, 2020. What is the new divisor for the index?
Calculate the rate of return on the index for the year ending December 31, 2020, if Douglas McDonnell’s share price on January 1, 2021, is $39.33 per share.
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9th Edition
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
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