Question
Suppose on May 31, 2022, the DJIA opened at 33,344.59. The divisor at that time was 0.15382. In June 2022, United Healthcare (UNH) was the
Suppose on May 31, 2022, the DJIA opened at 33,344.59. The divisor at that time was 0.15382. 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 $541.78, and the closing price for WBA was $47.43. Suppose this day the other 29 stock prices remained unchanged and UNH increased 4.4 percent.
What would the new DJIA level be? Now assume only WBA increased by 4.4 percent. Find the new DJIA level.
DIJA if UNH increases 4.4 percent: |
DIJA if WBA increases 4.4 percent: |
Note: Do not round intermediate calculations. Round your answers to 2 decimal places.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started