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
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
Problem 1PS
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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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