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PRICE SHARES Company A B C A B C Day 1 12 23 52 500 350 250 Day 2 10 22 55 500 350 250

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PRICE SHARES Company A B C A B C Day 1 12 23 52 500 350 250 Day 2 10 22 55 500 350 250 Day 3 14 46 52 500 175 250 Day 4 13 47 25 500 175 500 Day 5 12 45 26 500 175 500 Split at close of day 2. Split at close of day 3. a. Calculate a Dow Jones Industrial Average for days 1 through 5. b. What effects have the splits had in determining the next day's index? (Hint: think of the relative weighting of each stock.) c.From a copy of The Wall Street Journal, find the divisor that is currently being used in calculating the DJIA. (Normally this value can be found on pages C2 and C3.)

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