Question
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. Stock
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.
Stock Price | |||
Date | X | Y | Z |
Jan. 2, 2012 | 40 | 100 | 150 |
Jan. 3, 2012 | 12 | 95* | 170 |
Jan. 4, 2012 | 14 | 22 | 165** |
Jan. 5, 2012 | 12*** | 24 | 85 |
*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 |
2) 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 |
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