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Able, Baker, and Charlie are the only three stocks in an index. The stocks sell for $88, $312, and $84, respectively. If Baker undergoes a
Able, Baker, and Charlie are the only three stocks in an index. The stocks sell for $88, $312, and $84, respectively. If Baker undergoes a 2-for-1 stock split, what is the new divisor for the price-weighted index? (Do not round intermediate calculations. Round your answer to 5 decimal places.)
What is the Divisor?
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