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The following data shows stock market results for three companies A, B and C for five days. PRICE SHARES Company A B C A B
The following data shows stock market results for three companies A, B and C for five days. PRICE SHARES Company A B C A B C Day 1 12 23 52 500 350 250 Day 2 10 22 55 500 350 250 Day 3 14 46 52 500 175* 250 Day 4 13 47 25 500 175 500** Day 5 12 45 26 500 175 500 *Split at close of Day 2 **Split at close of Day 3 Required (a) Calculate a Dow Jones Industrial Average (DJIA) for the five days and clearly indicate the adjusted divisors. (10 Marks) (b) What effects have the splits had in determining the next days index? (5 Marks)
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