2. The SP-6 index (a fictitious index) is used by many investors to monitor the general behavior of the stock market. It has a base value set equal to 100 at January1, 1975. In the accompanying table, the closing market values for each of the 6 stocks included in the index are given for 3 dates Closing Market Value of Stock January 1, 1975 (S Thousands) 240 630 450 150 320 80 Stock June 30, 2013 (S Thousands) 430 1150 980 360 650 290 January 1, 2013 S Thousands) 460 1120 990 420 4 320 You should prepare a proposal that covers the following tasks Task five: In situation2, calculate the value of the SP-6 index on both January 1, 2013, and June 30, 2013, using the data presented above Task six: In situation2, compare the values of the SP-6 index calculated in task five and relate them to the base index value. Would you describe the general market condition during the 6-month period January 1 to June 30, 2013, as a bull or a bear market? Task seven Describe an ETF and explain how these funds combine the P(3.2) characteristics of both open-end and closed end funds