Suppose on May 31, 2022, the DJIA opened at 33,324.59. The divisor at that time was 0.15359. 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 $536.78, and the closing price for WBA was $47.03. Suppose this day the other 29 stock prices remained unchanged and UNH increased 5.4 percent. What would the new DJIA level be? Now assume only WBA increased by 5.4 percent. Find the new DJIA level. Note: Do not round intermediate calculations. Round your answers to 2 decimal places. DJIA if UNH increases 5.4 percent DJIA if WBA increases 5.4 percent
Suppose on May 31, 2022, the DJIA opened at 33,324.59. The divisor at that time was 0.15359. 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 $536.78, and the closing price for WBA was $47.03. Suppose this day the other 29 stock prices remained unchanged and UNH increased 5.4 percent. What would the new DJIA level be? Now assume only WBA increased by 5.4 percent. Find the new DJIA level. Note: Do not round intermediate calculations. Round your answers to 2 decimal places. DJIA if UNH increases 5.4 percent DJIA if WBA increases 5.4 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
Related questions
Question
![Suppose on May 31, 2022, the DJIA opened at 33,324.59. The divisor at that time
was 0.15359. 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 $536.78, and the closing price for WBA was $47.03. Suppose this day
the other 29 stock prices remained unchanged and UNH increased 5.4 percent.
What would the new DJIA level be? Now assume only WBA increased by 5.4 percent.
Find the new DJIA level.
Note: Do not round intermediate calculations. Round your answers to 2 decimal
places.
DJIA if UNH increases 5.4 percent
DJIA if WBA increases 5.4 percent](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F68be6c8c-ed19-4ee5-9b39-1655baf1000f%2Fde5ed269-0856-4cee-82db-7f4c009fdbff%2F7a0kjo_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Suppose on May 31, 2022, the DJIA opened at 33,324.59. The divisor at that time
was 0.15359. 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 $536.78, and the closing price for WBA was $47.03. Suppose this day
the other 29 stock prices remained unchanged and UNH increased 5.4 percent.
What would the new DJIA level be? Now assume only WBA increased by 5.4 percent.
Find the new DJIA level.
Note: Do not round intermediate calculations. Round your answers to 2 decimal
places.
DJIA if UNH increases 5.4 percent
DJIA if WBA increases 5.4 percent
AI-Generated Solution
Unlock instant AI solutions
Tap the button
to generate a solution
Recommended textbooks for you
![Essentials Of Investments](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781260013924/9781260013924_smallCoverImage.jpg)
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
![FUNDAMENTALS OF CORPORATE FINANCE](https://www.bartleby.com/isbn_cover_images/9781260013962/9781260013962_smallCoverImage.gif)
![Financial Management: Theory & Practice](https://www.bartleby.com/isbn_cover_images/9781337909730/9781337909730_smallCoverImage.gif)
![Essentials Of Investments](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781260013924/9781260013924_smallCoverImage.jpg)
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
![FUNDAMENTALS OF CORPORATE FINANCE](https://www.bartleby.com/isbn_cover_images/9781260013962/9781260013962_smallCoverImage.gif)
![Financial Management: Theory & Practice](https://www.bartleby.com/isbn_cover_images/9781337909730/9781337909730_smallCoverImage.gif)
![Foundations Of Finance](https://www.bartleby.com/isbn_cover_images/9780134897264/9780134897264_smallCoverImage.gif)
Foundations Of Finance
Finance
ISBN:
9780134897264
Author:
KEOWN, Arthur J., Martin, John D., PETTY, J. William
Publisher:
Pearson,
![Fundamentals of Financial Management (MindTap Cou…](https://www.bartleby.com/isbn_cover_images/9781337395250/9781337395250_smallCoverImage.gif)
Fundamentals of Financial Management (MindTap Cou…
Finance
ISBN:
9781337395250
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning
![Corporate Finance (The Mcgraw-hill/Irwin Series i…](https://www.bartleby.com/isbn_cover_images/9780077861759/9780077861759_smallCoverImage.gif)
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Finance
ISBN:
9780077861759
Author:
Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor
Publisher:
McGraw-Hill Education