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Question 1 (11%) There are five stocks in the market, namely A, B, C, D and E. Yesterday the price- weighted index had a
Question 1 (11%) There are five stocks in the market, namely A, B, C, D and E. Yesterday the price- weighted index had a value of 240 and a divisor of 4. Today stock E just has a 2-for-1 split and its stock price changes from the per-split price of $40 to the post-split price of $24 Assume the prices of the other four stocks increase by 10%. Determine the index value today.
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Venture capital and the finance of innovation
Authors: Andrew Metrick
2nd Edition
9781118137888, 470454709, 1118137884, 978-0470454701
