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On May 9, 2012, the DJIA opened at 11,739.19. The divisor at that time was .132316791....

On May 9, 2012, the DJIA opened at 11,739.19. The divisor at that time was .132316791. Suppose on this day the prices for 29 of the stocks remained unchanged and one stock increased $2.00. What would the DJIA level be at the end of the day? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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Answer #1

May 9 Open:

∑P / .132316791 = 11,739.19

∑P = 11,739.19 * .132316791

∑P = 1,553.29

May 9 Close:

∑P = 1,553.29 + 2 = 1,555.29

Index level = 1,555.29 / .132316791

Index level = 11,754.31

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