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USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S) Share Price # Shares X Y Z X Y Z Jan. 13, 2005 20 40 30

USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S) Share Price # Shares X Y Z X Y Z Jan. 13, 2005 20 40 30 1000 2000 1000 Jan. 14, 2005 25 42 22 18 1000 2000 2000 *2:1 Split on Share Z after Close on Jan. 13, 2005 The base date for index calculations is January 13, 2005; what is the divisor at the beginning of January 14th?

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