Using the information provided in Figure 8. Calculate the price-weighted index for the month of July for these companies. What adjustment is required for the Duke Energy 1:3 reverse stock split? How did you account for the removal of Goodrich from the index?

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Figure 8. Daily Stock Prices for Fortune 500 Companies in Charlotte, NC Region - July 2012 FDO SAH SPW 67.95 14.05 64.95 68.69 67.28 14.71 65.85 Date Monday, July 02, 2012 Tuesday, July 03, 2012 Wednesday, July 04, 2012 Thursday, July 05, 2012 127.11. 127.12 Friday, July 06, 2012 Monday, July 09, 2012 127.05 Tuesday, July 10, 2012 127.10 Wednesday, July 11, 2012 127.08 Thursday, July 12, 2012 127.02 127.18 127.11 127.18 127.25 127.15 Friday, July 13, 2012 Monday, July 16, 2012 Tuesday, July 17, 2012 Wednesday, July 18, 2012 Thursday, July 19, 2012 Friday, July 20, 2012 Monday, July 23, 2012 Tuesday, July 24, 2012 Wednesday, July 25, 2012 Thursday, July 26, 2012 Friday, July 27, 2012 Monday, July 30, 2012 Tuesday, July 31, 2012 GR 127.00 127.04 Shares Outstanding 127.18 127.15 127.18 127.20 127.48 BAC LOW 8.05 28.62 8.06 27.62 7.82 7.66 7.56 7.48 7.63 7.48 7.82 7.81 7.92 7.53 7.26 7.07 7.09 7.04 7.07 7.17 7.31 7:28 7.34 128.63 10.77617 million billion 27.58 38.86 27.85 38.35 27.28 38.26 27.17 37.70 26.67 26.57 26.72 25.80 25.55 25.66 26.03 DUK NUE 37.87 23.28 38.90 26.60 27.07 26.86 25.37 37.79 37.70 38.42 38.03 38.28 38.71 38.23 25.79 37.96 25.77 37.85 25.77 37.12 25.60 36.82 37.30 38.48 38.50 39.20 67.78 1.228 billion 68.57 68.23 66.23 69.58 318.04 million 65.31 66.14 66.48 66.64 68.65 67.47 68.39 68.39 66.43 66.06 66.74 66.74 66.34 66.07 66.12 66.22 65.50 65.27 14.97 66.07 14.86 64.36 70.38 14.55 62.67 69.82 14.53 59.85 69.93 14.52 14.77 15.81 15.86 16.16 16.61 16.86 16.45 66.77 66.15 16.46 66.52 65.82 64.52 65.34 66.35 67.46 66.63 68.07 66.70 66.08 446.04 million 117.53 million 16.84 17.38 17.01 17.35 17.22 17.12 52.59 million 59.02 59.56 60.94 59.45 60.48 61.85 62.52 61.05 60.31 59.38 59.39 60.60 63.79 61.69 60.72 49.95 millon A: Goodrich purchased after market close on July 26 by United Technologies. B: Duke Energy conducts a reverse stock spit of 1:3 after market close on July 2 C: Following reverse stock split for Duke Energy there were 446,04 shares outstanding. UFS 76.95 78.74 78.25 78.25 78.36 74.92 74.29 74.25 75.23 74.58 76.06 78.23 76.84 75.86 75.21 74.03 72.39 73.40 72.38 74.86 73.66 36.6 million Figure 8. Daily Stock Prices for Fortune 500 Companies in Charlotte, NC Region - July 2012 FDO SAH SPW 67.95 14.05 64.95 68.69 67.28 14.71 65.85 Date Monday, July 02, 2012 Tuesday, July 03, 2012 Wednesday, July 04, 2012 Thursday, July 05, 2012 127.11. 127.12 Friday, July 06, 2012 Monday, July 09, 2012 127.05 Tuesday, July 10, 2012 127.10 Wednesday, July 11, 2012 127.08 Thursday, July 12, 2012 127.02 127.18 127.11 127.18 127.25 127.15 Friday, July 13, 2012 Monday, July 16, 2012 Tuesday, July 17, 2012 Wednesday, July 18, 2012 Thursday, July 19, 2012 Friday, July 20, 2012 Monday, July 23, 2012 Tuesday, July 24, 2012 Wednesday, July 25, 2012 Thursday, July 26, 2012 Friday, July 27, 2012 Monday, July 30, 2012 Tuesday, July 31, 2012 GR 127.00 127.04 Shares Outstanding 127.18 127.15 127.18 127.20 127.48 BAC LOW 8.05 28.62 8.06 27.62 7.82 7.66 7.56 7.48 7.63 7.48 7.82 7.81 7.92 7.53 7.26 7.07 7.09 7.04 7.07 7.17 7.31 7:28 7.34 128.63 10.77617 million billion 27.58 38.86 27.85 38.35 27.28 38.26 27.17 37.70 26.67 26.57 26.72 25.80 25.55 25.66 26.03 DUK NUE 37.87 23.28 38.90 26.60 27.07 26.86 25.37 37.79 37.70 38.42 38.03 38.28 38.71 38.23 25.79 37.96 25.77 37.85 25.77 37.12 25.60 36.82 37.30 38.48 38.50 39.20 67.78 1.228 billion 68.57 68.23 66.23 69.58 318.04 million 65.31 66.14 66.48 66.64 68.65 67.47 68.39 68.39 66.43 66.06 66.74 66.74 66.34 66.07 66.12 66.22 65.50 65.27 14.97 66.07 14.86 64.36 70.38 14.55 62.67 69.82 14.53 59.85 69.93 14.52 14.77 15.81 15.86 16.16 16.61 16.86 16.45 66.77 66.15 16.46 66.52 65.82 64.52 65.34 66.35 67.46 66.63 68.07 66.70 66.08 446.04 million 117.53 million 16.84 17.38 17.01 17.35 17.22 17.12 52.59 million 59.02 59.56 60.94 59.45 60.48 61.85 62.52 61.05 60.31 59.38 59.39 60.60 63.79 61.69 60.72 49.95 millon A: Goodrich purchased after market close on July 26 by United Technologies. B: Duke Energy conducts a reverse stock spit of 1:3 after market close on July 2 C: Following reverse stock split for Duke Energy there were 446,04 shares outstanding. UFS 76.95 78.74 78.25 78.25 78.36 74.92 74.29 74.25 75.23 74.58 76.06 78.23 76.84 75.86 75.21 74.03 72.39 73.40 72.38 74.86 73.66 36.6 million

Answer rating: 100% (QA)

The priceweighted index for the month of July for these companies is 70623 The adjustment required f... View the full answer