A price weighted stock index has stocks AAC, BZF, and CHO in it. It is at 550 on 21-Oct-2019. CHO is replaced at the end of day trading on 22-Oct-2019 with DIY. What is the value of the index on...


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A price weighted stock index has stocks AAC, BZF, and CHO in it. It is at 550 on 21-Oct-2019. CHO<br>is replaced at the end of day trading on 22-Oct-2019 with DIY.<br>What is the value of the index on 230ct-2019 with the new divisor to take account of the<br>replacement of CHO with DIY (take the answer to 2 decimal places)?<br>Shares Outstanding<br>21-Oct-19<br>22-Oct-19<br>23-Oct-19<br>(in thousands)<br>AAC<br>$75.00<br>$150.00<br>$82.00<br>$135.00<br>$80.00<br>1,000<br>BZF<br>CHO<br>$140.00<br>800<br>$10.00<br>50,000<br>$12.00<br>$107.00<br>$8.00<br>DIY<br>$106.00<br>$104.00<br>8,000<br>

Extracted text: A price weighted stock index has stocks AAC, BZF, and CHO in it. It is at 550 on 21-Oct-2019. CHO is replaced at the end of day trading on 22-Oct-2019 with DIY. What is the value of the index on 230ct-2019 with the new divisor to take account of the replacement of CHO with DIY (take the answer to 2 decimal places)? Shares Outstanding 21-Oct-19 22-Oct-19 23-Oct-19 (in thousands) AAC $75.00 $150.00 $82.00 $135.00 $80.00 1,000 BZF CHO $140.00 800 $10.00 50,000 $12.00 $107.00 $8.00 DIY $106.00 $104.00 8,000

Jun 11, 2022
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