medium · CFA Level I Equity Investments
A price-weighted index consists of three stocks: Oakridge Capital ($100), Meridian Pack ($20), and Vesper Foods ($60).
If Oakridge Capital undergoes a 2-for-1 stock split, the new index divisor, assuming the initial divisor was 3, is closest to:
- 2.167
- 1.500
- 3.000
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