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Microsoft Corp. comprises roughly 4% of the market value of stocks included in the S&P 500 Index. On a day that Microsoft stock rises by
Microsoft Corp. comprises roughly 4% of the market value of stocks included in the S&P 500 Index. On a day that Microsoft stock rises by 3%, it causes a rise in the S&P 500 of:
- A. 3%
- B. 0.12%
- C. 4%
- D. 12%
Assuming a divisor of 0.15, when the DJIA is at 12,000 then average market price of the DJIA component stocks is:
- A. $30.
- B. $60.
- C. $120.
- D. $180.
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