0:00
Hello.
00:02
Now before answering this question let me remind you the definition of the doe jones industrial average.
00:14
It is a price with index, price weighted.
00:24
It's not just index, it's price weighted.
00:25
It's not just index, it's price weighted.
00:39
Let me write clearly it's of 30 large industrial, only industrial firms.
00:56
That's why it's called industrial average.
00:59
Industrial firms.
01:02
Okay, this is a definition.
01:03
Of course, the divisor must be adjusted when any of these stocks of the index split.
01:10
Okay, and now let's look to the answer options.
01:14
Let's start with the first one.
01:19
It is a value weighted average of, yeah, value weighted.
01:28
That's why this is not correct.
01:31
It should be price weighted index...