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Stock B A k Number of shares PRICE T T+1 1,000,000 *70 45 50 10,000,000 20 40 30 30,000,000 15 **32 36 *STOCK B

PRICEStockTT+1T+2Number ofsharesB1,000,000*704550A10,000,000 204030k30,000,000 15**3236*STOCK B HAD A SPLI 

Stock B A k Number of shares PRICE T T+1 1,000,000 *70 45 50 10,000,000 20 40 30 30,000,000 15 **32 36 *STOCK B HAD A SPLIT AT THE END OF DAY T **STOCK K HAS A STOCK REVERESE BY THE END OF DAY T+1 what is the value of the index in day t? what is the value of the divisor day t+2 what is the divisor in day t+2 what is the value of the index in day t+1 T+2 what is the value of the index in t+2 what is the return from day t to day t+2

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