A price-weighted index consists of Stocks A, B, and C which are priced at $30, $12, and $18 a share, respectively. The current index divisor is 2.40. If Stock C undergoes a 1-for-3 reverse stock split, the new index divisor will be:
A)1.92
B)2.11
C)2.20
D)3.08
E)3.84

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The Answer of A price-weighted index consists of Stocks A, B, and C which are priced at $30, $12, and $18 a share, respectively. The current index divisor is 2.40. If Stock C undergoes a 1-for-3 reverse stock split, the new index divisor will be:
A)1.92
B)2.11
C)2.20
D)3.08
E)3.84

A Price-Weighted Index Consists of Stocks A, B, and C