Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

On October 11, 2019, the Dow Jones Industrial Average closed at 26816.6 and the S&P 500 closed at 2970.27. Apple closed at 236.21 (about 3.852%

image text in transcribed
On October 11, 2019, the Dow Jones Industrial Average closed at 26816.6 and the S&P 500 closed at 2970.27. Apple closed at 236.21 (about 3.852% of S&P index) and Visa closed at 177.06 (about 1.203% of S&P index). The DJIA divisor at that time was 0.147445684. Suppose the next day only Dow and S&P stock to close down was Apple by 2% and the others remained unchanged. Show what would be the: ii. new S&P value

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_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Making Sense Of Audit Business Side Of General Practice

Authors: Donald Sal Irvine

1st Edition

1870905121, 978-1870905121

More Books

Students also viewed these Accounting questions

Question

Describe the linkages between HRM and strategy formulation. page 74

Answered: 1 week ago

Question

Identify approaches to improving retention rates.

Answered: 1 week ago