Answered step by step
Verified Expert Solution
Question
1 Approved Answer
3.) You have decided to develop an average to measure the general behavior of stock prices over time. The stocks to be included in your
3.) You have decided to develop an average to measure the general behavior of stock prices over time. The stocks to be included in your average are listed below, along with closing prices are three different dates. You decide to use the August 15, 2000 as the base. Calculate the market average for December 31, 2020 and January 1, 2019 using the same method as the Dow Jones Industrial Average. (2 points) Stock December 31, 2020 January 1, 2019 August 15, 2000 A B $46 $37 $20 $59 $82 $40 $36 $23 $61 $70 $30 0.72 $50 $10 $7 $26 $45 $32 D E $32 F divisor 0.70 1.00
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started