Question
On January 4, 2019, the DJIA opened at 9,987.45. The divisor at that time was .147504132. In January 2019, Boeing was the highest-priced stock in
On January 4, 2019, the DJIA opened at 9,987.45. The divisor at that time was .147504132. 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 $315.90, and the closing price for Cisco was $41.47. Suppose the next day the other 29 stock prices remained unchanged and Boeing increased 4 percent. What would the new DJIA level be? Now assume only Cisco increased by 4 percent. Find the new DJIA level. (Do not round intermediate calculations. Round your answers to 2 decimal places.)
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