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PLEASE SHOW ALL WORK Consider the data in the following table for a hypothetical three-stock version of the Dow Jones Industrial Average. Stock ABC Initial
PLEASE SHOW ALL WORK
Consider the data in the following table for a hypothetical three-stock version of the Dow Jones Industrial Average. Stock ABC Initial Price $30 20 70 Final Price $40 35 60 Shares (millions) 20 11 LMN XYZ 3 (a) Calculate the percentage change in the index value. (2 point) (b) Suppose firm XYZ from part (a) were to split two for one during the period (price drops to $35 immediately after the split and the new final price is $30). Calculate the percentage change in the index value. (4 point)Step by Step Solution
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