Problem 4-04 PRICE SHARES Company A B C A B C Day 1 $12 $24 $54...

Problem 4-04

	PRICE			SHARES
Company	A	B	C	A	B	C
Day 1	$12	$24	$54	500	380	250
Day 2	10	20	60	500	380	250
Day 3	14	48	56	500	190^a	250
Day 4	15	50	27	500	190	500^b
Day 5	11	48	28	500	190	500
^aSplit at close of day 2. ^bSplit at close of day 3.

Calculate a Dow Jones Industrial Average for days 1 through 5. Do not round intermediate calculations. Round your answers to three decimal places.

Day 1:

Day 2:

Day 3:

Day 4:

Day 5:

Expert Solution

Even if share split or share merger happens the market value of shares won't gets changed and hence, it has no effect on the index.

Index= Sum of all (Price* Weight of Market Value)

	Price			No. Of Share			Market Value			Total Market Value of all share	Market Value Weight (Market Value/Total Market value of all share)			Price*Weight of Market Value			Index (Total of Price*Weight Market Value)
Company	A	B	C	A	B	C	A	B	C		A	B	C	A	B	C
Day 1	12	24	54	500	380	250	6000	9120	13500	28620	0.209644	0.318658	0.471698113	2.51572327	7.647799	25.4717	35.63522013
Day 2	10	20	60	500	380	250	5000	7600	15000	27600	0.181159	0.275362	0.543478261	1.811594203	5.507246	32.6087	39.92753623
Day 3	14	48	56	500	190	250	7000	9120	14000	30120	0.232404	0.302789	0.464807437	3.253652058	14.53386	26.02922	43.81673307
Day 4	15	50	27	500	190	500	7500	9500	13500	30500	0.245902	0.311475	0.442622951	3.68852459	15.57377	11.95082	31.21311475
Day 5	11	48	28	500	190	500	5500	9120	14000	28620	0.192173	0.318658	0.489168414	2.113906359	15.2956	13.69672	31.10621943

Hence, below is the Dow Jones Industrial Average for days 1 through 5.

Day 1	35.63522
Day 2	39.92754
Day 3	43.81673
Day 4	31.21311
Day 5	31.10622

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