Question: Problem 5 - 9 Price - Weighted Divisor ( LO 4 , CFA 2 ) Able, Baker, and Charlie are the only three stocks in

Problem 5-9 Price-Weighted Divisor (LO4, CFA2)
Able, Baker, and Charlie are the only three stocks in an index. The stocks sell for $93, $312, and $78, respectively. If Able undergoes a 1-for-2 reverse stock split, what is the new divisor?
Note: Do not round intermediate calculations. Round your answer to 5 decimal places.

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