Multiple Choice
Suppose that Pfizer and Boeing are part of the Dow-Jones Industrial Average. If on a given day Boeing closes at $320 and Pfizer at $40
A) the difference in price will not affect the Average.
B) the Average will include 8 shares of Pfizer for each share of Boeing.
C) the effect of each stock on the Average cannot be determined without knowing the number of shares outstanding for each company.
D) changes in the price of Boeing shares will have 8 times the effect on the Average as changes in the price of Pfizer.
Correct Answer:
Verified
Correct Answer:
Verified
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