Question
On January 4, 2019, the DJIA opened at 23,128.02. The divisor at that time was .147948966. In January 2019, Boeing was the highest-priced stock in
On January 4, 2019, the DJIA opened at 23,128.02. The divisor at that time was .147948966. 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 $410.90, and the closing price for Cisco was $49.07. Suppose the next day the other 29 stock prices remained unchanged and Boeing increased 6 percent. What would the new DJIA level be? Now assume only Cisco increased by 6 percent. Find the new DJIA level. (Do not round intermediate calculations. Round your answers to 2 decimal places.)
what is the DIJA if Boeing increases 6 percent?
What is the DIJA is Cisco increases 6 percent.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started