A Price-Weighted Index Consists of Stocks A,B,and C Which Are

question 103

Multiple Choice

A price-weighted index consists of stocks A,B,and C which are priced at $38,$21,and $26 a share,respectively.The current index divisor is 2.7.What will the new index divisor be if stock B undergoes a 3-for-1 stock split?

• A) 2.1684
• B) 2.2553
• C) 2.5890
• D) 2.7000
• E) 3.1447

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Title

The legal right to own, possess, or use property.

Title

The legal right to own, use, or sell a particular piece of property, including real estate or vehicles.

Obliged

Required by law, circumstances, or duty to do something.

Sale of Goods Act

Legislation governing the sale of goods, ensuring rights, and obligations for both seller and buyer.