The following table shows the monthly adjusted close price per share of Microsoft Corporation for 2009. Month

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The following table shows the monthly adjusted close price per share of Microsoft Corporation for 2009.

Month Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Price 16.6 15.8 18.0 19.8 20.6 23.4 23.2 24.4 25.5 27.5 29.2 30.3 Source: http://finance.yahoo.com.

a. Construct a simple price index with January 2009 as the base.

b. What is the percentage price change in July relative to January?

c. What is the percentage price change in December relative to January?

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