You construct a price-weighted index of 48 stocks at the, Ask an Expert

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You construct a price-weighted index of 48 stocks. At the beginning of the day the index is 9,180.67. During the day, 47 stock prices remain the same, and one stock price increases $4.00. At the end of the day, your index value is 9,196.65. What is the divisor on your index? (Round your answer to 8 decimal places.)

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Financial Management, Finance

Category:- Financial Management
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