On January 4, 2019, the DJIA opened at 22,686

Finance Nov 13, 2020

On January 4, 2019, the DJIA opened at 22,686.22. The divisor at that time was .1474807199. Suppose on this day the prices for 29 of the stocks remained unchanged and 1 stock increased $5.00. What would the DJIA level be at the end of the day? (Do not round intermediate calculations. Round your answer to 2 decimal places.) DJIA level

Expert Solution

We see that the divisor is given as equal to=22686.22+5/0.1474807199
=22720.12274

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