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NEW QUESTION: 1
A price-weighted index was constructed two months ago using 2 stocks, A and B, then priced at $10 and $17, respectively. The index is adjusted at stock splits so as to not allow splits to affect its value.
Stock B underwent a 3-for-2 split a month ago, when it was trading at $24 and A was trading at $12. Right now, A is trading at $11 and B is trading at $14. The value of the index equals ________.
A. 12.50
B. 9.375
C. 16.07
Answer: C
Explanation:
First note that a price weighted index is derived by summing up the prices of the constituent stocks and then dividing the sum by a divisor. When the index is first constructed with N stocks, the divisor equals N.
Later on, when changes like stock splits or index composition take place, the divisor is adjusted so as to keep the value of the index constant across the change (Dow Jones Industrial Average is adjusted in this fashion, for e.g. and hence, its divisor is no longer 30 but a much lower value, less than
1 ). Just before stock B split, the value of the index was (24+12)/2 = 18. After the split, the price of B changed to 24 / 3 * 2 = 16 per share. Hence, the divisor changes from 2 to (16+12)/18 = 1.556. Therefore, the current index value equals (11+14)/1.556 = 16.07.
NEW QUESTION: 2
What is the minimum number of Symmetrix VMAXDX ports required to support FTS?
A. 0
B. 1
C. 2
D. 3
Answer: B
NEW QUESTION: 3
The following function is declared: float func(float fl, float f2);
The file file1 .c contains a call to func, and is compiled with hard floating point linkage. The file file2.c contains the definition of func, and is compiled with AACPS soft floating point linkage.
Assume that the two files are successfully linked using the ARM linker and an executable is generated. The generated executable:
A. Exhibits correct behavior, but suffers a performance penalty because the linker has to generate extra code.
B. Exhibits correct behavior, and suffers no performance penalty.
C. Exhibits incorrect behavior.
D. Will not execute.
Answer: C