Question: PLEASE SHOW ALL WORK Consider the data in the following table for a hypothetical three-stock version of the Dow Jones Industrial Average. Stock ABC Initial

PLEASE SHOW ALL WORK Consider the data in the following table

PLEASE SHOW ALL WORK

Consider the data in the following table for a hypothetical three-stock version of the Dow Jones Industrial Average. Stock ABC Initial Price $30 20 70 Final Price $40 35 60 Shares (millions) 20 11 LMN XYZ 3 (a) Calculate the percentage change in the index value. (2 point) (b) Suppose firm XYZ from part (a) were to split two for one during the period (price drops to $35 immediately after the split and the new final price is $30). Calculate the percentage change in the index value. (4 point)

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