<Tr> <Td> Spinoffs </Td> <Td> Yes </Td> </Tr> <Tr> <Td> Mergers </Td> <Td> Yes </Td> </Tr> <P> To calculate the value of the S&P 500 Index, the sum of the adjusted market capitalization of all 500 stocks is divided by a factor, usually referred to as the Divisor . For example, if the total adjusted market cap of the 500 component stocks is US $13 trillion and the Divisor is set at 8.933 billion, then the S&P 500 Index value would be 1,455.28 . Although the adjusted market capitalization of the entire index can be accessed from Standard & Poor's website, the Divisor is considered to be proprietary to the firm . However, the Divisor's value is approximately 8.9 billion . </P> <P> The formula to calculate the S&P 500 Index value is: </P>

The value of a standard​ & poor's index is computed by
find me the text answering this question