Question: I Part II: Problem Solving (Show your steps for each question below) (70 points) Problem 7. (15 points): A price-weighted index consists of Stocks A,

 I Part II: Problem Solving (Show your steps for each question

I Part II: Problem Solving (Show your steps for each question below) (70 points) Problem 7. (15 points): A price-weighted index consists of Stocks A, B, and C which are priced at $40, $15, and $20 a share, respectively. The current index divisor is 2.70. If Stock C undergoes a 1-for-3 reverse stock split, what will the new index divisor be

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