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Boran Stockbrokers, Inc., selects four stocks for the purpose of developing its own index of stock market behavior. Prices per share for a year 1
Boran Stockbrokers, Inc., selects four stocks for the purpose of developing its own index of stock market behavior. Prices per share for a year 1 base period, January year 3, and March year 3 follow. Base-year quantities are set on the basis of historical volumes for the four stocks. Compute the price relatives for the four stocks making up the Boran index. (Round your answers to one decimal place.) Use the weighted average of price relatives to compute the January year 3 and March year 3 Boran indexes. (Round your answers to one decimal place.) \\[ \\begin{array}{l} I_{\\text {Jan }}= \\\\ I_{\\text {Mar }}= \\end{array} \\]
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