Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

On May 3 1 , 2 0 2 2 , the DJIA opened at 3 3 , 1 6 0 . 5 9 . The

On May 31,2022, the DJIA opened at 33,160.59. The divisor at that time was 0.15173. In June 2022, United Healthcare (UNH) was the
highest-priced stock in the DJIA and Walgreens (WBA) was the lowest. The opening price for UNH on May 31,2022, was $496.73. and
the closing price for WBA was $43.83 Suppose this day the other 29 Stock prices remained unchanged and UNH incre eased 5 percen
What would the new DJIA level be? Now assume only WBA increased by 5 percent. Find the new DJIA level.
Note: Do not round intermediate calculations. Round your answers to 2 decimal places.
DJIA if UNH increased 5 percent
DJIA if WBA increased by 5 percent

Step by Step Solution

There are 3 Steps involved in it

Step: 1

To determine the new DJIA level when UNH or WBA changes in price follow these steps Information Given 1 DJIA on May 31 2022 3316059 2 Divisor 015173 3 ... blur-text-image

Get Instant Access with AI-Powered 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