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Closing Stock Price Stock August 15, 2016 August 15, 2013 August 15, 1987 A $46.06 $39.79 $49.05 B $37.13 $35.04 $9.85 C $20.48 $23.93 $7.95

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Closing Stock Price

Stock

August 15, 2016

August 15, 2013

August 15, 1987

A

$46.06

$39.79

$49.05

B

$37.13

$35.04

$9.85

C

$20.48

$23.93

$7.95

D

$59.51

$61.13

$25.51

E

$81.02

$69.35

$44.72

F

$31.76

$29.32

31.17

Divisor

0.68

0.72

1.00

Note:

The number of shares of each stock outstanding has been the same on these dates. Therefore, the closing stock prices will behave identically to the closing market values.
have occurred since the base year, which has a divisor equal to 1.00. of the 3 dates. c. Use your findings in parts a and b to describe the general market condition-bull or bear-that existed between August 15,2013 , and August 15,2016 . d. Calculate the percentage changes in the average and index values between August 15,2013 , and August 15,2016 . Why do they differ? a. The market average for 1987 is (Round to two decimal places.) The market average for 2013 is . (Round to two decimal places.) The market average for 2016 is (Round to two decimal places.) b. The market index for 1987 is (Round to two decimal places.) The market index for 2013 is (Round to two decimal places.) The market index for 2016 is (Round to two decimal places.) d. The percentage change in the average value is %. (Round to two decimal places.) The percentage change in the index value is %. (Round to two decimal places.) have occurred since the base year, which has a divisor equal to 1.00. of the 3 dates. c. Use your findings in parts a and b to describe the general market condition-bull or bear-that existed between August 15,2013 , and August 15,2016 . d. Calculate the percentage changes in the average and index values between August 15,2013 , and August 15,2016 . Why do they differ? a. The market average for 1987 is (Round to two decimal places.) The market average for 2013 is . (Round to two decimal places.) The market average for 2016 is (Round to two decimal places.) b. The market index for 1987 is (Round to two decimal places.) The market index for 2013 is (Round to two decimal places.) The market index for 2016 is (Round to two decimal places.) d. The percentage change in the average value is %. (Round to two decimal places.) The percentage change in the index value is %. (Round to two decimal places.)

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