Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Suppose on May 3 1 , 2 0 2 2 , the DJIA opened at 3 3 , 5 0 4 . 5 9 .

Suppose on May 31,2022, the DJIA opened at 33,504.59. The divisor at that time was 0.15566. In June 2022, United Healthcare (UNH) was the highest-priced stock in the DJIA and Walgreens (WBA) was the lowest. The opening price for UNH on May 31,2022, was $581.78, and the closing price for WBA was $50.63. Suppose this day the other 29 stock prices remained unchanged and UNH increased 4.8 percent. What would the new DJIA level be? Now assume only WBA increased by 4.8 percent. Find the new DJIA level. Note: Do not round intermediate calculations. Round your answers to 2 decimal places.
\table[[DJIA if UNH increases 4.8 percent,],[DJIA if WBA increases 4.8 percent,]]
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions

Question

If f x sin x 2x 2 then f x 5x 4 cos x 5 2x 2 2 4x cos x 5 2x 2 2

Answered: 1 week ago