Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A price weighted stock index has stocks AAC, BZF, and CHO in it. It is at 550 on 21- Oct-2019. CHO is replaced at

A price weighted stock index has stocks AAC, BZF, and CHO in it. It is at 550 on 21- Oct-2019. CHO is 

A price weighted stock index has stocks AAC, BZF, and CHO in it. It is at 550 on 21- Oct-2019. CHO is replaced at the end of day trading on 22-Oct-2019 with DIY. What is the divisor for the index on 21-Oct-2019 (take the answer to 4 decimal places)? AAC BZF CHO DIY 21-Oct-19 $75.00 $150.00 $10.00 $106.00 22-Oct-19 $80.00 $140.00 $12.00 $107.00 23-Oct-19 $82.00 $135.00 $8.00 $104.00 Shares Outstanding (in thousands) 1,000 800 50,000 8,000

Step by Step Solution

3.38 Rating (154 Votes )

There are 3 Steps involved in it

Step: 1

To calculate the divisor for the priceweighted stock index on October 21 2019 WE need to find the to... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamentals of corporate finance

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

9th edition

978-0077459451, 77459458, 978-1259027628, 1259027627, 978-0073382395

More Books

Students also viewed these Finance questions

Question

=+a percentage of goods returned

Answered: 1 week ago

Question

=+7. For the cost matrix of Exercise 3,

Answered: 1 week ago

Question

8.7 Explain how cultures influence the perception of time.

Answered: 1 week ago