Price-weighted index

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Reference no: EM133055999

Stock

Price

Number of Shares Outstanding

Stock A

$48.5

207

Stock B

$72.8

417

Stock C

$19.5

641

A price-weighted index constructed with these three stocks has a divisor of 20.9. What would the divisor be if stock A is split 3-for-1, and stock C is replaced by stock D which has 526 shares outstanding and price of $52.4?

Reference no: EM133055999

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