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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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