Question: Utilize the spreadsheet that is Problemset1.xlsx. On it you will find the value of the Dow Jones Industrial Average (DJIA) at previous day market close

 Utilize the spreadsheet that is Problemset1.xlsx. On it you will find

the value of the Dow Jones Industrial Average (DJIA) at previous day

market close and market close on August 23, 2022. In addition, you

will find the value of each stock in the Dow 30 .

Utilize the spreadsheet that is Problemset1.xlsx. On it you will find the value of the Dow Jones Industrial Average (DJIA) at previous day market close and market close on August 23, 2022. In addition, you will find the value of each stock in the Dow 30 . a. (10 pts) Utilizing the Open price for each equity calculate the implied denominator for the current index (You don't need to show every calculation but write down any intermediate steps) b. (10 pts) Suppose that at the beginning of the day DIS decides to do a 2 for 1 stock split and GS does a 3 for 1 stock split. What will the new weighting denominator be for the DJIA? c. (10 pts) Suppose that the returns for the two firms in part (b) are consistent in percentage terms after the splits for the day. What will the Close DJIA be after the splits? How does the return on the average differ? If it does why

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