Q40. a price-weighted series is composed of the following three stocks;

Stock       number of shares outstanding price

A            1,000,000                $10

B            5,0ob,0oo                $20

C            6,000,000                $60

If stock C completes a two-for-one stock split, the value of the index after the spilt will be close to:

A. ?0.

B. 30.

C. 97.

D. 157.

答案和详解如下：

Q40.   B   Study Session  13-56.a

The value is the same both before and after the split. The divisor is adjusted to made the value constant. Because the split: 10+20+60=90/3=30. after the split: 10+20+30=60/*=30. new divisor = 2.

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