Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The Dow Jones Industrial Average (DJIA) index closed at 27657.42 on Sep. 18, 2020. Below you can find the closing price for the DJIA component

The Dow Jones Industrial Average (DJIA) index closed at 27657.42 on Sep. 18, 2020. Below you can find the closing price for the DJIA component companies on Sep. 18, 2020. Please find out the divisor of DJIA index on Sep. 18, 2020.

DJIA Component Companies

Closing price as of Sep. 18, 2020

3M

169.55

American Express

103.44

Amgen

247.72

Apple Inc.

106.84

Boeing

161.14

Caterpillar Inc.

152.39

Chevron Corporation

78.21

Cisco Systems

39.81

The Coca-Cola Company

50.45

Dow Inc.

50.37

Goldman Sachs

194.86

The Home Depot

275.19

Honeywell

168.7

IBM

122.76

Intel

49.89

Johnson & Johnson

149.18

JPMorgan Chase

98.35

McDonald's

220.27

Merck & Co.

85.81

Microsoft

200.39

Nike

114.66

Procter & Gamble

137.37

Salesforce

242.78

The Travelers Companies

111.61

UnitedHealth Group

308.02

Verizon

60.35

Visa Inc.

202.61

Walgreens Boots Alliance

36.93

Walmart

135.29

The Walt Disney Company

128.63

Based on the prices above, assume Walgreens Boots Alliance issues a 10% stock dividend, how does this stock dividend affect the DJIA index and the divisor. Please show the detail calculation.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Recommended Textbook for

Finance Ethics Critical Issues In Theory And Practice

Authors: John R. Boatright

1st Edition

0631214275, 978-0631214274

More Books

Students also viewed these Finance questions