Question: . Charles Dows stock market average first appeared in the Customers Afternoon Letter on July 3, 1884. Suppose that the 11 stock prices for the

. Charles Dows stock market average first appeared in the Customers Afternoon Letter on July 3, 1884. Suppose that the 11 stock prices for the companies in his market average were as follows on July 3, 1884: $15, $12, $30, $25, $14, $60, $48, $12, $35, $20, $30. Now, suppose that the company

selling for $60 had a 2 for 1 split. Find the new divisor for the Dow that becomes effective the next day (on July 4).

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