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Suppose Dow Jones & Co. decided to replace Cisco Systems (CSCO) in DJIA with Alphabet (GOOG) on Jan 31 (by the way, see the Reuters
Suppose Dow Jones & Co. decided to replace Cisco Systems (CSCO) in DJIA with Alphabet (GOOG) on Jan 31 (by the way, see the Reuters article "Big changes in the DJIA in September 2013" in LINKS on why it is not feasible). GOOG stock price was $796.79 on Jan 31. What would the new divisor value be (provide the number with 6 digits after the decimal point)? Refer to the Excel spreadsheet DJIA_Jan31_2017.xlsx in ASSIGNMENTS on the course web site.
Components for Dow Jones Industrial Average | ||||
Component Data Date: Jan 31, 2017 | ||||
NUM | COMPANY NAME | TICKER | USD CLOSE | |
1 | 3M Co | MMM | 174.82 | |
2 | American Express Co | AXP | 76.38 | |
3 | Apple Inc | AAPL | 121.35 | |
4 | Boeing Co | BA | 163.42 | |
5 | Caterpillar Inc | CAT | 95.66 | |
6 | Chevron Corp | CVX | 111.35 | |
7 | Cisco Systems Inc | CSCO | 30.72 | |
8 | The Coca-Cola Co | KO | 41.57 | |
9 | Walt Disney Co | DIS | 110.65 | |
10 | E I du Pont de Nemours and Co | DD | 75.50 | |
11 | Exxon Mobil Corp | XOM | 83.89 | |
12 | General Electric Co | GE | 29.70 | |
13 | Goldman Sachs Group Inc | GS | 229.32 | |
14 | Home Depot Inc | HD | 137.58 | |
15 | International Business Machines Co... | IBM | 174.52 | |
16 | Intel Corp | INTC | 36.82 | |
17 | Johnson & Johnson | JNJ | 113.25 | |
18 | JPMorgan Chase and Co | JPM | 84.63 | |
19 | McDonald's Corp | MCD | 122.57 | |
20 | Merck & Co Inc | MRK | 61.99 | |
21 | Microsoft Corp | MSFT | 64.65 | |
22 | Nike Inc | NKE | 52.90 | |
23 | Pfizer Inc | PFE | 31.73 | |
24 | Procter & Gamble Co | PG | 87.60 | |
25 | Travelers Companies Inc | TRV | 117.78 | |
26 | United Technologies Corp | UTX | 109.67 | |
27 | UnitedHealth Group Inc | UNH | 162.10 | |
28 | Verizon Communications Inc | VZ | 49.01 | |
29 | Visa Inc | V | 82.71 | |
30 | Wal-Mart Stores Inc | WMT | 66.74 | |
Jan/31/2017 | ||||
DJIA | 19,864.09 |
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