2. The DJIA is the most widely cited sharemarket indicator, yet there are criticisms of the model....
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2. The DJIA is the most widely cited sharemarket indicator, yet there are criticisms of the model. One criticism is that the higher-priced securities in the portfolio will impact the Dow more than the relatively lower-priced stocks. Assume that share J increases by 10%. Recalculate the market averages on each of the three dates.
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Related Book For
Fundamentals Of Investing
ISBN: 9781442532885
3rd Edition
Authors: Lawrence J. Gitman, Michael D. Joehnk, Scott Smart, Roger Juchau, Donald Ross, Sue Wright
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