a. Calculate a Dow Jones Industrial Average for days 1 through 5. b. What effects have the
Question:
a. Calculate a Dow Jones Industrial Average for days 1 through 5.
b. What effects have the splits had in determining the next day's index?
Transcribed Image Text:
PRICE SHARES Company Day 1 Day 2 Day 3 Day 4 Day 5 Split at close of day 2 Split at close of day 3 23 46 45 12 10 14 13 47 25 500 175 500 12 52 52 26 500 500 500 350 350 175 250 250 250 500 175 500
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a b Since the index is a priceweighted average the higher priced stocks c...View the full answer
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Related Book For
Investment Analysis and Portfolio Management
ISBN: 978-0538482387
10th Edition
Authors: Frank K. Reilly, Keith C. Brown
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