You construct a price-weighted index of 55 stocks at the


You construct a price-weighted index of 55 stocks. At the beginning of the day the index is 8,710.44. During the day, 54 stock prices remain the same, and one stock price increases $5.40. At the end of the day, your index value is 8,757.89. What is the divisor on your index? (Do not round intermediate calculations. Round your answer to 8 decimal places.) Divisor

Request for Solution File

Ask an Expert for Answer!!
Financial Management: You construct a price-weighted index of 55 stocks at the
Reference No:- TGS01360758

Expected delivery within 24 Hours