Question
Assume that on a particular day, the DJIA opened at 13,363.61. The divisor at that time was .132597739. What would the new index level be
Assume that on a particular day, the DJIA opened at 13,363.61. The divisor at that time was .132597739. What would the new index level be if all 30 stocks on the DJIA increased by $1.00 per share on the next day? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
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Financial Institutions Management A Risk Management Approach
Authors: Anthony Saunders, Marcia Cornett, Otgo Erhemjamts
10th Edition
1260013820, 978-1260013825
