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
Correct Answer:
Verified
Correct Answer:
Verified
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