Problem 5-1: Price-Weighted Divisor (LO4, CFA2)
Able, Baker, and Charlie are the only three stocks in an index. The stocks sell for $38, $200, and $106, respectively. If Baker undergoes a 3-for-2 stock split, what is the new divisor for the price-weighted index? (Do not round intermediate calculations. Round your answer to 5 decimal places.)