In May 2012, IBM was the highest priced stock in the DJIA and Alcoa was the lowest.

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In May 2012, IBM was the highest priced stock in the DJIA and Alcoa was the lowest. The closing price for IBM on May 8, 2012, was $201.48, and the closing price for Alcoa was $9.18. Suppose the next day the other 29 stock prices remained unchanged and IBM increased 5 percent. What would the new DJIA level be? Now assume only Alcoa increased by 5 percent. Find the new DJIA level. Use the information from the previous problem to answer this question.
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