The following total prices of a specified market basket were calculated for each of the years 1987

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The following total prices of a specified market basket were calculated for each of the years 1987 through 1991 :

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\section*{Required}
1. Using 1989 as the base year, prepare a price index for the five-year period.
Round your answers to the nearest \(1 / 10 \%\).
2. Convert the index from a 1989 base year to a 1991 base year.

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Financial Accounting

ISBN: 9780256091939

5th Edition

Authors: Kermit D. Larson, Paul B. W. Miller

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