At the end of 1stJanuary 2021, three stocks have share prices of $12, $75, and $30 with total market values of $400 million, $350 million and $150 million respectively. These stocks belong to companies A, B and C respectively. On the morning of 2ndJanuary, company A declared a one-time special dividend of $4. What divisor will you use to calculate the value of your price weighted index on 2ndJanuary, 2021? [Assume 1stJanuary 2021is the first day you constructed your price weighted index] A)3.000 B)2.897 C)2.987 D)3.151
At the end of 1stJanuary 2021, three stocks have share prices of $12, $75, and $30 with total market values of $400 million, $350 million and $150 million respectively. These stocks belong to companies A, B and C respectively. On the morning of 2ndJanuary, company A declared a one-time special dividend of $4. What divisor will you use to calculate the value of your price weighted index on 2ndJanuary, 2021? [Assume 1stJanuary 2021is the first day you constructed your price weighted index] A)3.000 B)2.897 C)2.987 D)3.151
College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter9: Counting And Probability
Section: Chapter Questions
Problem 2T: A hospital cafeteria offers a fixed-price lunch consisting of a main course, a dessert and a drink....
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![At the end of 1stJanuary 2021, three stocks
have share prices of $12, $75, and $30 with
total market values of $400 million, $350
million and $150 million respectively. These
stocks belong to companies A, B and C
respectively. On the morning of 2ndJanuary,
company A declared a one-time special
dividend of $4. What divisor will you use to
calculate the value of your price weighted
index on 2ndJanuary, 2021? [Assume
1stJanuary 2021is the first day you
constructed your price weighted index]
A)3.000 B)2.897 C)2.987 D)3.151](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa9343e43-b629-42fc-851f-c19bec881208%2F0f22fee7-71ad-43dd-a4ec-c4fe0ba2615b%2Fm5uz04l_processed.jpeg&w=3840&q=75)
Transcribed Image Text:At the end of 1stJanuary 2021, three stocks
have share prices of $12, $75, and $30 with
total market values of $400 million, $350
million and $150 million respectively. These
stocks belong to companies A, B and C
respectively. On the morning of 2ndJanuary,
company A declared a one-time special
dividend of $4. What divisor will you use to
calculate the value of your price weighted
index on 2ndJanuary, 2021? [Assume
1stJanuary 2021is the first day you
constructed your price weighted index]
A)3.000 B)2.897 C)2.987 D)3.151
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