You construct a price-weighted index of 78 stocks at the, Financial Management

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You construct a price-weighted index of 78 stocks at the

You construct a price-weighted index of 78 stocks. At the beginning of the day the index is 9,364.36. During the day, 77 stock prices remain the same, and one stock price increases $4.30. At the end of the day, your index value is 9,417.95. What is the divisor on your index? (Round your answer to 8 decimal places) Please show all work!

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Financial Management: You construct a price-weighted index of 78 stocks at the

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