Question: Problem 5-2 Price-Weighted Divisor (LO4, CFA2) Able, Baker, and Charlie are the only three stocks in an index. The stocks sell for $93, $312, and

Problem 5-2 Price-Weighted Divisor (LO4, CFA2) Able, Baker, and Charlie are

Problem 5-2 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 the three stocks are included in a price-weighted index and Baker undergoes a 4-for-1 stock split, what is the new divisor? (Do not round intermediate calculations. Round your answer to 5 decimal places.) Divisor

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