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You need to make an adjustment to your price-weighted index. Suppose Lowe's announced a 4:1 stock split after market close on day t=1. What
You need to make an adjustment to your price-weighted index. Suppose Lowe's announced a 4:1 stock split after market close on day t=1. What new divisor will you use on day t=2? Qo(mill) P 8,676 25.18 Ticker Po BAC 23.98 BHF 28.34 94 DUK 81.53 735 LOW 137.54 755 NUE 41.72 301 SAH 33.44 31 TFC 37.78 1,348 Q(mill) 8,676 26.92 94 77.45 735 136.16 755 41.30 301 33.11 31 37.40 1,348
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Using Financial Accounting Information The Alternative to Debits and Credits
Authors: Gary A. Porter, Curtis L. Norton
7th Edition
978-0-538-4527, 0-538-45274-9, 978-1133161646
