Question
A price-weighted index consists of stocks A, B, and C which are priced at $38, $24, and $26 a share, respectively. The current index divisor
A price-weighted index consists of stocks A, B, and C which are priced at $38, $24, and $26 a share, respectively. The current index divisor is 2.7. What will the new index divisor be if stock B undergoes a 3-for-1 stock split? (Round your final answer to four decimal points.)
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The Management Of Business Finance
Authors: John Freear
1st Edition
0273014315, 978-0273014317
