FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Assume that on a particular day, the DJIA opened at 12,498.11. The divisor at that time was .1324127742. Suppose on this day the prices for

image text in transcribed

Assume that on a particular day, the DJIA opened at 12,498.11. The divisor at that time was .1324127742. Suppose on this day the prices for 29 of the stocks remained unchanged and one stock increased \$5.04. What would the DJIA level be at the end of the day? (Round your answer to 2 decimal places.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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

Labour Finance And Inequality

Labour Finance And Inequality

Authors: Suzanne J. Konzelmann, Simon Deakin, Marc Fovargue-Davies, Frank Wilkinson

1st Edition

1138919721, 978-1138919723

More Books

Students also viewed these Finance questions

Question

★★★★★
The following production information is available for Porter Corporation: Budgeted production . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 150,000 units Actual...

Answered: 1 week ago

Question

★★★★★
Perform the operation, if possible. 4 3 5 -4 2 -1 6 + -3 2 5 10 4

Answered: 1 week ago

Question

★★★★★
Explain eutrophication.

Answered: 1 week ago

Question

★★★★★
The Pacific Lumber Company and Mill processes 10,000 logs annually, operating 250 days per year. Immediately upon receiving an order, the logging companys supplier begins delivery to the lumber mill,...

Answered: 1 week ago

Question

★★★★★
As a foreign exchange trader at Sumitomo Bank, you have a customer who would like spot and 30-day for- ward yen quotes on Australian dollars. Current market rates are as follows: Spot 121.3785/U.S.$1...

Answered: 1 week ago

Question

★★★★★
Cost of Goods Manufactured and Sold Anglin Company, a manufacturing firm, has supplied the following information from its accounting records for the last calendar year: Direct labor cost $496,550...

Answered: 1 week ago

Question

★★★★★
Given the following encoding rule for each letter: n 010 110 k 101 Suppose Alice want to encrypt and send "ok" (110 101)_to Bob using a one-time pad 101 111, so Bob will get the ciphertext as 011...

Answered: 1 week ago

Question

★★★★★
1.The standard price per unit is; Material 6 kg @Rp750; Labor 10 Hours @Rp480; BOP on the basis of 70% of Working Hours with a rate per working hour @Rp250 for variable BOP and fixed BOP budgeted is...

Answered: 1 week ago

Question

★★★★★
Developer Company is constructing a 2-Tower residential condominium. Tower 1 sells 20 units while tower 2 sells 30 units. Both towers will share in the common amenities and occupy the same land area....

Answered: 1 week ago

Question

★★★★★
LMP Limited is a company founded by a group of marketing consultants. They had taken advantage of their clients career placement services, and thought they could offer additional supplemental...

Answered: 1 week ago

Question

★★★★★
Nissan Motors accepted an order for 10 units of Urvan Escapade on a job order cost system. Job 3-601 is assigned for this order. The following costs are incurred for the manufacture of the 10 unit:...

Answered: 1 week ago

Question

★★★★★
Recruitment. With an emphasis on specialized skills and the possibilities of enhancing qualifications within the company through further training, recruitment is often first through internal sourcing...

Answered: 1 week ago

Question

★★★★★
An emphasis on Technik as both means and ends. The importance of engineering knowledge and craft skills that go into production is evidenced by the high standing of engineers in society and in...

Answered: 1 week ago

Question

★★★★★
Reward systems. Wage levels are complex and involve issues of wage fairness with principles laid down in collective wage agreements, labourmanagement agreements and individual contracts of...

Answered: 1 week ago

Previous Question Next Question