When a stock that is a component of the Dow Jones Industrial Average today splits two for one, that is each outstanding share is replaced by two new shares, how is the calculation of the DJIA adjusted? A. Actually, such splits do not affect the DJIA so no adjustment in the calculation is needed. B. Since the average is calculated from the total value of the shares outstanding, it does not matter. The adjustment is automatic in the calculation C. A new divisor is calculated by using the previous average, the new share price and all other components unchanged to produce a continual series. D. The new price of the split stock would be multiplied by two and then added into the numerator just as before. Feedback: Actually, this approach was used in early years but it became too cumbersome with 30 individual multipliers. Thus it was abandoned years ago