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Question 12 4 pts Lost Key Charters, Inc. (OTC: LKC), a company used to calculate the Cherry Street Industrial Average (CSIA), a price-weighted index, has
Question 12 4 pts Lost Key Charters, Inc. (OTC: LKC), a company used to calculate the Cherry Street Industrial Average (CSIA), a price-weighted index, has a closing stock price of $50 per share on April 26. The CSIA is an index of 30 stocks. Unfortunately, it has been announced that LKC will be replaced by ABC stock on April 27. Utilizing the data below, calculate the April 26 divisor (with LKC still in the index). Date CSIA LKC Price ABC Price Sum of the other 29 stock prices $2,500 $2,600 26-Apr 1500 $50 27-Apr ???? $80 1.75 1.70 Loo 1.67 1.50
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