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Part 1: You are given the following total market values for an index over a five-year period. Assuming the index starts at 1,000, calculate the
Part 1:
You are given the following total market values for an index over a five-year period. Assuming the index starts at 1,000, calculate the index value each year. (Do not round intermediate calculations. Round your answers to 2 decimal places.)
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Part 2:
Able, Baker, and Charlie are the only three stocks in an index. The stocks sell for $39, $315, and $118, respectively. If Able undergoes a 3-for-5 reverse stock split, what is the new divisor? (Do not round intermediate calculations. Round your answer to 5 decimal places.)
Divisor:
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