Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

On January 4, 2019, the DJIA opened at 11,849.64. The divisor at that time was 147785080 . In January 2019, Boeing was the highest-priced stock

image text in transcribed
On January 4, 2019, the DJIA opened at 11,849.64. The divisor at that time was 147785080 . In January 2019, Boeing was the highest-priced stock in the DJIA and Cisco was the lowest. The closing price for Boeing on January 3,2019 , was $375.90, and the closing price for Cisco was $46.27. Suppose the next day the other 29 stock prices remained unchanged and Boeing increased 4.6 percent. What would the new DJIA level be? Now assume only Cisco increased by 4.6 percent. Find the new DJIA level. (Do not round intermediate calculations. Round your answers 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

Students also viewed these Finance questions