Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

info for both questions *4:1 split on stock Y after close on 1/3/2012 **2:1 split on stock Z after close on 1/4/2012 ***3:4 reverse split

info for both questions
*4:1 split on stock Y after close on 1/3/2012
**2:1 split on stock Z after close on 1/4/2012
***3:4 reverse split on stock X after close on 1/5/2012
the base date for the index is Jan. 4, 2012.
Q1: calculate the divisor used for opening of Jan. 4, 2012. round intermidiate step and final answer to four decimals.
a. 3
b. 1.7048
c. 2.2933
d. 1.5518
Q2: find percentage change in the value of the index from 1/4 to 1/5. round intermidiate step and final answer to four decimals?
image text in transcribed
stock price N 100 50 150 98* 162 January 2 2012 January 3 2012 January 4 2012 January 5 2012 52 54 70*** 22 165** 24 85 stock price N 100 50 150 98* 162 January 2 2012 January 3 2012 January 4 2012 January 5 2012 52 54 70*** 22 165** 24 85

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_2

Step: 3

blur-text-image_3

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

Venture capital and the finance of innovation

Authors: Andrew Metrick

2nd Edition

9781118137888, 470454709, 1118137884, 978-0470454701

More Books

Students also viewed these Finance questions