Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Given the following information for a price-weighted Dow Jones Industrial Average Index (DJIA). Price Shares Company A B A B Day 1 12 23 52

image text in transcribed

Given the following information for a price-weighted Dow Jones Industrial Average Index (DJIA). Price Shares Company A B A B Day 1 12 23 52 500 350 250 Day 2 10 22 56 500 350 250 Day 3 14 115 30 500 70* 500* * Stock split at close of day 2 What is the price level of DJIA for Day 3? A. 29.00 B. 31.51 C. 29.33 D. 53.00 Use the information in Question 2. What is the return of DJIA from Day 2 to 3? A. 1.14% B. 7.43% C. 80.70% D. 6.92%

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

Students also viewed these Finance questions