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On January 4, 2019, the DJIA opened at 10,208.35. The divisor at that time was 147738255. What would the new index level be if
On January 4, 2019, the DJIA opened at 10,208.35. The divisor at that time was 147738255. 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.)
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To calculate the new index level we can use the following formula New Index Level Previous Index Lev...
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Fundamentals of Investments, Valuation and Management
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
8th edition
1259720697, 1259720691, 1260109437, 9781260109436, 978-1259720697
