Q1 : You construct a price-weighted index of 33 stocks. At the beginning of the day the index is 9,241.90. During the day, 32 stock prices remain the same, and one stock price increases $4.10. At the end of the day, your index value is 9,267.86. What is the divisor on your index? (Do not round intermediate calculations. Round your answer to 8 decimal places.)

Q2:

In May 2012, IBM was the highest priced stock in the DJIA and Alcoa was the lowest. On May 9, 2012, the DJIA opened at 10,318.80. The divisor at that time was .132504090. The closing price for IBM on May 8, 2012, was $281.48 and the closing price for Alcoa was $15.58. Suppose the next day the other 29 stock prices remained unchanged and IBM increased 5.8 percent. What would the new DJIA level be? Now assume only Alcoa increased by 5.8 percent. Find the new DJIA level. (Do not round intermediate calculations. Round your answers to 2 decimal places.)

DJIA if IBM increases 5.8 percent
DJIA if Alcoa increases 5.8 percent