Question
Stock Price Number of Shares Outstanding Stock A $48.5 207 Stock B $72.8 417 Stock C $19.5 641 A price-weighted index constructed with these three
Stock
Price
Number of Shares Outstanding
Stock A
$48.5
207
Stock B
$72.8
417
Stock C
$19.5
641
Stock | Price | Number of Shares Outstanding |
Stock A | $48.5 | 207 |
Stock B | $72.8 | 417 |
Stock C | $19.5 | 641 |
A price-weighted index constructed with these three stocks has a divisor of 20.9. What would the divisor be if stock A is split 3-for-1, and stock C is replaced by stock D which has 526 shares outstanding and price of $52.4?
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Business Statistics A Decision Making Approach
Authors: David F. Groebner, Patrick W. Shannon, Phillip C. Fry
9th Edition
013302184X, 978-0133021844
