Suppose on May 31, 2022, the DJIA opened at 33,224.59. The divisor at that time was 0.15244. In June 2022, United Healthcare (UNH) was the highest-priced stock in the DJIA and Walgreens (WBA) was the lowest. The opening price for UNH on May 31, 2022, was $511.78, and the closing price for WBA was $45.03. Suppose this day the other 29 stock prices remained unchanged and UNH increased 5 percent. What would the new DJIA level be? Now assume only WBA increased by 5 percent. Find the new DJIA level. Note: Do not round intermediate calculations. Round your answers to 2 decimal places. DJIA if UNH increases 5 percent DJIA if WBA increases 5 percent
Suppose on May 31, 2022, the DJIA opened at 33,224.59. The divisor at that time was 0.15244. In June 2022, United Healthcare (UNH) was the highest-priced stock in the DJIA and Walgreens (WBA) was the lowest. The opening price for UNH on May 31, 2022, was $511.78, and the closing price for WBA was $45.03. Suppose this day the other 29 stock prices remained unchanged and UNH increased 5 percent. What would the new DJIA level be? Now assume only WBA increased by 5 percent. Find the new DJIA level. Note: Do not round intermediate calculations. Round your answers to 2 decimal places. DJIA if UNH increases 5 percent DJIA if WBA increases 5 percent
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:Suppose on May 31, 2022, the DJIA opened at 33,224.59. The divisor at that time was 0.15244. In June 2022,
United Healthcare (UNH) was the highest-priced stock in the DJIA and Walgreens (WBA) was the lowest. The
opening price for UNH on May 31, 2022, was $511.78, and the closing price for WBA was $45.03. Suppose this
day the other 29 stock prices remained unchanged and UNH increased 5 percent. What would the new DJIA level
be? Now assume only WBA increased by 5 percent. Find the new DJIA level.
Note: Do not round intermediate calculations. Round your answers to 2 decimal places.
DJIA if UNH increases 5 percent
DJIA if WBA increases 5 percent
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