A price-weighted index consists of stocks A,B,and C which are priced at $27,$11,and $18 a share,respectively.The current index divisor is 2.24.If stock B undergoes a 1-for-3 reverse stock split,the new index divisor will be:
A) 1.9467.
B) 2.1806.
C) 2.2000.
D) 3.0842.
E) 3.1200.
Correct Answer:
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