The Paws Index is a price weighted stock index based on the 3 largest pet food manufacturers in the nation. The stock prices for the three stocks are $30, $15, and $50. The price of the last stock was just split 3 for 1 and the stock price was reduced from $60 to $20. What is the new divisor for a price weighted index? 1.86
The Paws Index is a price weighted stock index based on the 3 largest pet food manufacturers in the nation. The stock prices for the three stocks are $30, $15, and $50. The price of the last stock was just split 3 for 1 and the stock price was reduced from $60 to $20. What is the new divisor for a price weighted index? 1.86
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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![The Paws Index is a price weighted stock index based on the 3 largest pet food
manufacturers in the nation. The stock prices for the three stocks are $30, $15, and $50. The
price of the last stock was just split 3 for 1 and the stock price was reduced from $60 to $20.
What is the new divisor for a price weighted index?
1.86
4.50
2.15
3
19](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff05dda16-b43e-47ff-8287-6e6911065d93%2Fcced757b-ebbc-4c00-90d9-586aa34bb103%2Fqn62vl_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The Paws Index is a price weighted stock index based on the 3 largest pet food
manufacturers in the nation. The stock prices for the three stocks are $30, $15, and $50. The
price of the last stock was just split 3 for 1 and the stock price was reduced from $60 to $20.
What is the new divisor for a price weighted index?
1.86
4.50
2.15
3
19
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