CBOT: New Dow Divisor Effective November 15, 2004

Date 15/11/2004

Starting Monday, November 15, 2004, the Dow Jones Industrial Average^SM will be calculated with a new divisor because of the Microsoft special cash dividend.

As a result, the divisor for the 30 Industrials changes to 0.13532775 from 0.13561241.

Click here for an explanation of the role of the Dow^SM divisor in calculating the DJIA^SM .

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