-1 2 3 4 5 12 10 14 13 12 it at close of day 2. it at dose of day 3. ulate a Dow Jones Industria t effects have the splits had ive weighting of each stock

Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter11: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 11.4.2MBA
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Company
Day 1
Day 2
Day 3
Day 4
Day 5
A
12
10
14
13
12
"Split at close of day 2.
"Split at dose of day 3.
PRICE
B
23
22
46
47
45
с
52
55
52
25
26
A
500
500
500
500
500
SHARES
B
350
350
175
175
175
C
250
250
250
500
500
a. Calculate a Dow Jones Industrial Average for days 1 through 5.
b. What effects have the splits had in determining the next day's index? (Hint: think of the
relative weighting of each stock.)
Transcribed Image Text:Company Day 1 Day 2 Day 3 Day 4 Day 5 A 12 10 14 13 12 "Split at close of day 2. "Split at dose of day 3. PRICE B 23 22 46 47 45 с 52 55 52 25 26 A 500 500 500 500 500 SHARES B 350 350 175 175 175 C 250 250 250 500 500 a. Calculate a Dow Jones Industrial Average for days 1 through 5. b. What effects have the splits had in determining the next day's index? (Hint: think of the relative weighting of each stock.)
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