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Consider the three stocks in the following table. Pt represents price at time t, and Qt represents shares outstanding at time t. Stock C splits

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Consider the three stocks in the following table. Pt represents price at time t, and Qt represents shares outstanding at time t. Stock C splits five for one in the last period. A B 115 100 80 QO 600 600 700 P1 120 95 75 Q1 600 600 700 P2 120 95 15 Q2 600 600 3,500 Assuming that the divisor is equal to 3 at time 1, calculate the new divisor at time 2. (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

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