Suppose on May 31, 2022, the DJIA opened at 33,264.59. The divisor at that time was 0.15290. 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 $521.78, and the closing price for WBA was $45.83. Suppose this day the other 29 stock prices remained unchanged and UNH increased 4.2 percent. What would the new DJIA level be? Now assume only WBA increased by 4.2 percent. Find the new DJIA level.

Suppose on May 31, 2022, the DJIA opened at 33,264.59. The divisor at that time was 0.15290. 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 $521.78, and the closing price for WBA was $45.83. Suppose this day the other 29 stock prices remained unchanged and UNH increased 4.2 percent. What would the new DJIA level be? Now assume only WBA increased by 4.2 percent. Find the new DJIA level.

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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