You construct a price-weighted index of 55 stocks at the, Ask an Expert

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You construct a price-weighted index of 55 stocks. At the beginning of the day the index is 8,710.44. During the day, 54 stock prices remain the same, and one stock price increases $5.40. At the end of the day, your index value is 8,757.89. What is the divisor on your index? (Do not round intermediate calculations. Round your answer to 8 decimal places.) Divisor

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Financial Management, Finance

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