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Problem 5-13 Price-Weighted Divisor (LO4, CFA2) You construct a price-weighted index of 40 stocks. At the beginning of the day, the index is 8,465.52. During
Problem 5-13 Price-Weighted Divisor (LO4, CFA2) You construct a price-weighted index of 40 stocks. At the beginning of the day, the index is 8,465.52. During the day, 39 stock prices remain the same, and one stock price increases $5.00. At the end of the day, your index value is 8,503.21. What is the divisor on your index? (Do not round intermediate calculations. Round your answer to 8 decimal places.) Divisor
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