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2) (10 points) A price-weighted index consists of Stocks A, B, and C which are priced at $30, $12, and $18 a share, respectively. The

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2) (10 points) A price-weighted index consists of Stocks A, B, and C which are priced at $30, $12, and $18 a share, respectively. The current index divisor is 3. If Stock C undergoes a l-for-3 reverse stock split, what will the new index divisor be? (show your steps)

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