1. If each stock in the DJIA goes up by $.50 per share, what is the point change in the DJIA if the divisor is .23156? 2. If each stock in the DJIA goes up by exactly 1%, what is the percentage change in the DJIA? 3. Why do stocks with high prices have more impact on the DJIA? 4. If all stocks in the S&P 500 go up by $.50 per share, what is the point change in the S&P? 5. If all stocks in the S&P 500 go up by 1%, what is the percentage change in the S&P 500? 6. Why don't stocks with higher prices have more impact on the S&P 500? 7. What are the comparative advantages and disadvantages between the DJIA and the S&P 500? 8. In the Gordon dividend growth model, if P/E equals 20, r=12%, the dividend payout ratio is .5, what is the implied growth rate of the market. 9. When valuing a stock using the Gordon Growth model, the model breaks down using the parameters above if g exceeds what value? 10. Why is a multi-stage dividend growth model so sensitive to the growth rate in the terminal period?