At the end of 1st January 2021, three stocks have share prices of $12, $75, and...
At the end of 1st January 2021, three stocks have share prices of $12, $75, and $30 with total market values of $400 million, $350 million and $150 million respectively. These stocks belong to companies A, B and C respectively. On the morning of 2nd January, company A declared a one-time special dividend of $4. What divisor will you use to calculate the value of your price weighted index on 2nd January, 2021?
A) 3.000
B) 2.897
C) 2.987
D) 3.151
Homework Answers
=Sum of initial prices*old divisior/Sum of new prices
=(8+75+30)*3/(12+75+30)
=2.897435897
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