If someone could help me solve this with clear steps to understand, it would be much appreciated. Thanks!

Invest ment Companies 0ooooo OOooOO00O Security Market Indexes: Weighting Schemes Price Weighting Average price of all constituents price-weighted index sum of stock prices in the index number of stocks in index adjusted for split Example: Consider an index including three tech stocks. On day 1, the prices of Google, Apple and Snapchat are $1, $2 and $3. On day 2, those prices become $2, $1 and $5. The Apple stock splits 2-for-1, effective after day 2. (1) What is the new denominator for the index after the stock split? (2) Compute the return of the index over the one-day period