Find the new djia level, What would the new DJIA level be?

Find the new djia level

Assignment Help Financial Management

Reference no: EM131618138

Assume that a particular point in time, IBM was the highest priced stock in the DJIA and Alcoa was the lowest. On a particular day, the DJIA opened at 11,739.19. The divisor at that time was .1325064230. The closing price for IBM the previous day, was $167.54 and the closing price for Alcoa was $16.42. Suppose the next day the other 29 stock prices remained unchanged and IBM increased 5.4 percent. What would the new DJIA level be? Now assume only Alcoa increased by 5.4 percent. Find the new DJIA level.

DJIA if IBM increases 5.4 percent =

DJIA if Alcoa increases 5.4 percent =

Reference no: EM131618138

Questions Cloud

Case study of electronic confirmations : Electronic Confirmations. As stated in the text, mostly all of the largest banks such as Bank of America, JP Morgan Chase, and Wells Fargo require auditors.

What is net present value of the project : The project has an initial cost of $3.9 million and produces cash inflows of $1.26 million a year for 5 years. What is the net present value of the project?

The areas of customer service and flexibility : Identify five performance targets in the areas of customer service and product development.

Tracking error be relative to its benchmark : What must Layton’s tracking error be relative to its benchmark?

Find the new djia level : What would the new DJIA level be? Now assume only Alcoa increased by 5.4 percent. Find the new DJIA level.

Average monthly profit : What is the average monthly profit resulting from its policy of stocking 100 routers at the beginning of each month?

Find evidence of unrecorded sales : What computer-based files might auditors examine to find evidence of unrecorded sales? Of inadequate credit checks? Of incorrect product unit prices?

What was internal rate of return on this investment : She sold the stock the same day she received that last dividend payment. What was Alice's internal rate of return (IRR) on this investment?

Opportunity cost of operating harvey hardware business : What information would you need to calculate the total opportunity cost of operating Harvey's hardware business?

User Account

All Pages