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A price-weighted index consists of stocks X, Y, and Z which are priced at $44.5, $25, and $55 a share, respectively. The current index
A price-weighted index consists of stocks X, Y, and Z which are priced at $44.5, $25, and $55 a share, respectively. The current index divisor is 2.7. What will the new index divisor be if stock Y undergoes a 2-for-1 stock split? WHAT IS THE NEW DIVISOR
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Intermediate Financial Management
Authors: Eugene F. Brigham, Phillip R. Daves
11th edition
978-1111530266
