On October 28, 2015, the DJIA opened at 17,716.11. The divisor at that time was 0.149677385. In October 2015, Goldman Sachs was the highest priced stock in the DJIA and Cisco was the lowest. The closing price for Goldman Sachs on October 27, 2015, was $181.99, and the closing price for Cisco was $28.09. Calculate the difference between the new DJIA levels under the following two scenarios (i.e.g, Scenario 1 - Scenario 2). Scenario 1: Suppose the next day the other 29 stock prices remained unchanged and Goldman Sachs increased 5 percent. Scenario 2: Suppose the next day the other 29 stock prices remained unchanged and Cisco Sachs increased 5 percent. (Round your answer to 2 decimal places.)

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Scenario 1 Goldman Sachs Increases 5 Calculate the increase in Goldman Sachs price Increase Initial ... View the full answer