Apex Mutual Fund invests primarily in technology stocks. The price of the fund share at the end of each month for the last 6 months of 2015 was forecasted and the forecast errors (actual-forecast) are given below. The value for the forecast accuracy measure of MAPE is

Month	Actual Price (Yt)	Forecast Error (et)
July	18.50	-1.47
August	17.99	1.12
September	18.10	-.85
October	17.02	1.47
November	18.00	-1.07
December	18.88	.96

Select one:

a. 6.42

b. 1.39

c. 3.44

d. 1.16

e. None of the above