On October 28, 2015, the DJIA opened at 12,608.56. The divisor at that time was 0.132340204. In
Fantastic news! We've Found the answer you've been seeking!
Question:
On October 28, 2015, the DJIA opened at 12,608.56. The divisor at that time was 0.132340204. In October 2015, Goldman Sachs was the highest priced stock in the DJIA and Cisco was the lowest. Assume the closing price for Goldman Sachs on October 27, 2015, was $246.48, and the closing price for Cisco was $12.78. Suppose the next day the other 29 stock prices remained unchanged and Goldman Sachs increased 4.4 percent. What would the new DJIA level be? Now assume only Cisco increased by 4.4 percent. Find the new DJIA level.
Related Book For
Fundamentals of Investments, Valuation and Management
ISBN: 978-1259720697
8th edition
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
Posted Date: