The Dow is not calculated using a weighted arithmetic average and doesn't represent its component companies' market cap, unlike the S&P 500. Rather, it reflects the sum of the price of one share of stock for all the components, divided by the divisor. Thus, a one-point move in any of ...
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D) the amount that they owed on their mortgage was less than the value of their house. Answer: A Ques Status: Previous Edition AACSB: Reflective Thinking 8) If a borrower takes out a $200 million loan in a repo agreement and is asked to post $220 million of mortgage-backed securities ...
In 1997, Westinghouse Electric, Bethlehem Steel, Texaco, and Woolworths were replaced by Travelers' Group, Johnson & Johnson (JNJ), HP Inc. (HPQ), and Walmart Inc. (WMT).7 In 1999, Chevron Corp. (CVX), Sears Roebuck, Union Carbide, and Goodyear Tire & Rubber Co. (GT) were dropped...