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Question
A price-weighted index consists of stocks A, B, and C which are priced at $38, $21, and $26 a share, respectively. The current index divisor is 2.7. What will the new index divisor be if stock B undergoes a 3-for-1 stock split?A. 2.1684
B. 2.2553
C. 2.5890
D. 2.7000
E. 3.1447
Answer
This answer is hidden. It contains 42 characters.
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