Here is actual data for the following stocks in the pharmaceutical industry. (Source: finance.yahoo.com on February 2, 2023) Pfizer Merck Johnson & Johnson Moderna Price/share $44 $103 $166 $176 #shares o/s * 5.659 2.547 2.607 0.385 Question 2 (continued) *FYI: number of shares outstanding is in billions Part I:. Suppose you create a 3-stock pharmaceutical industry index using Merck, Johnson & Johnson, and Moderna only. A. Determine this index value if it is price-weighted. Divisor = 3.00 Show all work. B. Determine this index value if it is value-weighted. Divisor (in billions) = 5.827 Show all work. C. Now suppose Moderna does a 4:1 stock split immediately after trading close on February 2nd. Calculate the new divisor for the price-weighted index & new divisor for the value-weighted index. Show all work or explain your answers. Part 2 [NOTE: This part is independent of Part I C; i.e., no Moderna stock split]: Suppose immediately after trading close on September 16th, you decide to immediately replace Merck with Pfizer in your index. A. Determine the new divisor for price-weighted index. Show all work. B. Determine the new divisor for value-weighted index. Show all work.