Imagine that the Mini-Dow Average (MDA) is based on the closing prices of 5 stocks. The divisor
Question:
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 market?
Stocks
Stocks or shares are generally equity instruments that provide the largest source of raising funds in any public or private listed company's. The instruments are issued on a stock exchange from where a large number of general public who are willing...
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Related Book For
Fundamentals of Investing
ISBN: 978-0133075359
12th edition
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
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