O 5.00

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
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24. The ASE Index is a price weighted
stock index based on the six
manufacturing companies. The stock
prices for the six stocks are $20, $30,
$40, $50, $60 and $80. The price of the
last stock was just split 2 for 1. What is
the new divisor?
5.00
4.85
4.50
4.75
Transcribed Image Text:24. The ASE Index is a price weighted stock index based on the six manufacturing companies. The stock prices for the six stocks are $20, $30, $40, $50, $60 and $80. The price of the last stock was just split 2 for 1. What is the new divisor? 5.00 4.85 4.50 4.75
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