Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

On January 4 , 2 0 1 9 , the DJIA opened at 2 3 , 1 2 8 . 0 2 . The divisor

On January 4,2019, the DJIA opened at 23,128.02. The divisor at that time was .147948966. What would the new index level be if all stocks on the DJIA increased by $1.00 per share on the next day? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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

Recommended Textbook for

Financial Modeling Using Excel And VBA

Authors: Chandan Sengupta

1st Edition

0471267686, 978-0471267683

More Books

Students also viewed these Finance questions

Question

What is country risk? How can we assess country risk?

Answered: 1 week ago

Question

What styles do they use?

Answered: 1 week ago

Question

create a semiotic sign system to communicate an idea.

Answered: 1 week ago

Question

apply research strategies to writing.

Answered: 1 week ago