The following table shows the price movements of three stocks that comprise a price-weighted index. Use this table to answer the next two questions.

*4:1 split on stock Y after close on 1/3/2012

**2:1 split on stock Z after close on 1/4/2012

***3:4 reverse split on stock X after close on 1/5/2012

The base date for the index is Jan. 2, 2012

Calculate the divisor used for the opening of Jan. 6, 2012. Round intermediate steps and your

final answer to four decimals.

1.2733

1.3137

1.2811

1.3571

Find the percentage change in the index from 1/4-1/5. Round intermediate steps and your final

answer to four decimals.

-.0231

.0211

.0207

.0236

Stock Price Date Jan. 2, 2012 Jan. 3, 2012 Jan. 4, 2012 Jan. 5, 2012 150 170 165** 85 40 12 100 95* 12*** 24