QUESTION 6 A price weighted index is composed of 3 stocks. Stocks A, B, and are trading for $100.556
QUESTION 6 A price weighted index is composed of 3 stocks. Stocks A, B, and are trading for $100.556 and $32 respectively. The number of shares outstanding are 1000 shares (for Stock A), 500 shares (for stock B) and 500 shares (for stock C). Stock A has a two for on stock split, and consequently its price automatically drops to $50 (all other stock prices remain unchanged). What must be the value of the new divisor?
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