On January 3, 2017, the closing price of Goldman Sachs (GS) was 241.57 and the closing value
Question:
On January 3, 2017, the closing price of Goldman Sachs (GS) was 241.57 and the closing value of the DJIA was 19,881.76. The DJIA divisor at that time was 0.14523396877348 .
(a) Suppose that GS split two-for-one at the close on that day (and no other components of the DJIA split). What would be the value of the DJIA divisor on January 4?
(GS did not split on that day, or at any other time in 2017.)
(b) Suppose that GS split three-for-one at the close on January 3. What would be the value of the DJIA divisor on January 4 ?
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