The Tech Index is a price weighted stock index based on the 5 largest tech firms...
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The Tech Index is a price weighted stock index based on the 5 largest tech firms in the nation. The stock prices for the five stocks as of yesterday are $200 (A), $145 (B), $420 (C). $50 (D), $125 (E). If the price of stock C was just split 2 for 1 and the stock price was halved from $420 to $210. What is new divisor for the Tech Index? The Tech Index is a price weighted stock index based on the 5 largest tech firms in the nation. The stock prices for the five stocks as of yesterday are $200 (A), $145 (B), $420 (C). $50 (D), $125 (E). If the price of stock C was just split 2 for 1 and the stock price was halved from $420 to $210. What is new divisor for the Tech Index?
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The divisor of a priceweighted stock index is used to adjust for changes in stock prices When a stoc... View the full answer
Related Book For
Fundamentals of corporate finance
ISBN: 978-0073382395
9th edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
Posted Date:
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