Question: On May 3 1 , 2 0 2 2 , the DJIA opened at 3 3 , 4 6 4 . 5 9 . The

On May 31,2022, the DJIA opened at 33,464.59. The divisor at that time was 0.15520. What would the new index level be if all stocks on the DJIA increased by $1.00 per share on the next day? Note: Do not round intermediate calculations. Round your answer to 2 decimal places.

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!