An Index Is Made Up of Stock X, Stock Y

question 40

Multiple Choice

An index is made up of Stock X, Stock Y, and Stock Z. The prices of the three stocks are $32, $97, and $53. If Stock Y undergoes a 2-for-1 stock split, what is the new index divisor?

• A) 2.38133
• B) 2.01364
• C) 2.65873
• D) 2.20055
• E) 2.43150

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The goals or purposes behind financial reporting, typically involving providing useful information to stakeholders for decision making.

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International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB) for global use.

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