Multiple Choice
A price-weighted index consists of stocks A,B,and C which are priced at $30,$12,and $18 a share,respectively.The current index divisor is 2.40.If stock C undergoes a 1-for-3 reverse stock split,the new index divisor will be:
A) 1.92
B) 2.11
C) 2.20
D) 3.08
E) 3.12
Correct Answer:
Verified
Correct Answer:
Verified
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