Question: Fin 3 1 5 Practice Problems - Calculating the Dow Charles Dow's stock market average first appeared in the Customer's Afternoon Letter on July 3

Fin 315 Practice Problems - Calculating the Dow
Charles Dow's stock market average first appeared in the Customer's 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).
 Fin 315 Practice Problems - Calculating the Dow Charles Dow's stock

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!