Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. g3 p32 imagine that the mini-dow average (mda) is

G3 P32 Imagine that the Mini-Dow Average (MDA) is based on the closing prices of...

90.2K

Verified Solution

Question

Accounting

image
G3 P32 Imagine that the Mini-Dow Average (MDA) is based on the closing prices of five stocks The divisor used in the calculation of the MDA is currently 0.765. The closing prices for each of the five stocks in the MDA today and exactly one year ago, when the divisor was 0.780, are given in the accompanying table. a. Calculate the MDA today and that of a year ago. b. Compare the values of the MDA calculated in part a and describe the apparent market behavior over the last year. Was it a bull or a bear marketi 1Year Ago $65 $34 $95 $72 $88 Stock Today $ 74 $ 39 Ace Computers Coburn Motor Company National Soap & Cosmetics Ronto Foods Wings Aircraft $ 71 $ 97

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students