Question: please show steps Problem 5-1 Price-Weighted Divisor (LO4, CFA2) Able, Baker, and Charlie are the only three stocks in an index. The stocks sell for

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Problem 5-1 Price-Weighted Divisor (LO4, CFA2) Able, Baker, and Charlie are the only three stocks in an index. The stocks sell for $96. $315, and $112, respectively If Baker undergoes a 2-for-1 stock split, what is the new divisor for the price-weighted index? (Do not round intermediate calculations. Round your answer to 5 decimal places.)

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