Problemable baker and charlie are the only three stocks in, Ask an Expert

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Problem:

Able, Baker, and Charlie are the only three stocks in an index. The stocks sell for $72, $400, and $98, respectively. If Baker undergoes a 3-for-2 stock split,

Required:

Question: What is the new divisor for the price-weighted index?

Note: Provide support for your rationale.

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Category:- Basic Finance
Reference No.:- M91148863

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