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Price on Dec Shares outstanding on Jan 1st (millions) Stock split news on Jan 2nd Stock Price on Jan 1st 31st DIS 62 2.00 1

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Price on Dec Shares outstanding on Jan 1st (millions) Stock split news on Jan 2nd Stock Price on Jan 1st 31st DIS 62 2.00 1 new share for 2 old 75 58 1.25 48 WMT 24 0.90 3-for-2 20 Use the information above for year 2015 to answer the following question: If on January 1st, the Price Weighted Index (of above 3 shares) = 100, the divisor used to calculate the Price Weighted Index is: O 1.44 O 2.62 O 3.00 None of the above

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