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A price weighted stock index has stocks AAC, BZF, and CHO in it. It is at 550 on 21-Oct-2019. CHO is replaced at the end of day trading on 22-Oct-2019 with DIY. What is the value of the index on 230ct-2019 with the new divisor to take account of the replacement of CHO with DIY (take the answer to 2 decimal places)? Shares Outstanding (in thousands) 1,000 21-Oct-19 22-Oct-19 23-Oct-19 AAC $75.00 $80.00 $82.00

A price weighted stock index has stocks AAC, BZF, and CHO in it. It is at 550 on 21-Oct-2019. CHO is replaced at the end of day trading on 22-Oct-2019 with DIY. What is the value of the index on 230ct-2019 with the new divisor to take account of the replacement of CHO with DIY (take the answer to 2 decimal places)? Shares Outstanding (in thousands) 1,000 21-Oct-19 22-Oct-19 23-Oct-19 AAC $75.00 $80.00 $82.00

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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A price weighted stock index has stocks AAC, BZF, and CHO in it. It is at 550 on 21-Oct-2019. CHO is replaced at the end of day trading on 22-Oct-2019 with DIY. What is the value of the index on 230ct-2019 with the new divisor to take account of the replacement of CHO with DIY (take the answer to 2 decimal places)? Shares Outstanding 21-Oct-19 22-Oct-19 23-Oct-19 (in thousands) AAC $75.00 $150.00 $82.00 $135.00 $80.00 1,000 BZF CHO $140.00 800 $10.00 50,000 $12.00 $107.00 $8.00 DIY $106.00 $104.00 8,000
Transcribed Image Text:A price weighted stock index has stocks AAC, BZF, and CHO in it. It is at 550 on 21-Oct-2019. CHO is replaced at the end of day trading on 22-Oct-2019 with DIY. What is the value of the index on 230ct-2019 with the new divisor to take account of the replacement of CHO with DIY (take the answer to 2 decimal places)? Shares Outstanding 21-Oct-19 22-Oct-19 23-Oct-19 (in thousands) AAC $75.00 $150.00 $82.00 $135.00 $80.00 1,000 BZF CHO $140.00 800 $10.00 50,000 $12.00 $107.00 $8.00 DIY $106.00 $104.00 8,000
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