Question
The Hydro Index is a price-weighted stock index based on the 5 largest boat manufacturers in the nation. The stock prices for the five stocks
The Hydro Index is a price-weighted stock index based on the 5 largest boat manufacturers in the nation. The stock prices for the five stocks are $60, $20, $80, $40, and $50. The price of the last stock was just split 2 for 1 and the stock price was halved from $50 to $25. What is the new divisor for a price-weighted index?
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Finance Applications And Theory
Authors: Marcia Cornett, Troy Adair, John Nofsinger
2nd Edition
0073530670, 9780073530673
