Answered step by step
Verified Expert Solution
Question
1 Approved Answer
How to get the money flow at the end of the day? thank you Problem 8-11 Money Flow (LO4, CFA1) A stock had the following
How to get the money flow at the end of the day? thank you
Problem 8-11 Money Flow (LO4, CFA1) A stock had the following trades during a particular period. What was the money flow for the stock? (Leave no cells blank - be certain to enter "O" wherever required. Input all amounts as positive values. Do not round intermediate calculations. Round your answers to the nearest whole dollar.) Week 1 Volume Day Monday Tuesday Wednesday Thursday Friday Monday Tuesday Wednesday Thursday Friday Price $38.78 38.74 38.75 38.78 38.77 38.80 38.81 38.85 38.84 38.86 2 1,200 1,600 1,500 1,650 1,100 1,600 600 1,000 1,800 Answer is complete but not entirely correct. Positive Price Times Negative Net Money Volume Money Money Flow Flow Flow Price Up/Down $ 38.78 38.74 $ 38.75 + + + 38.78 38.77 38.80 38.81 38.85 38.84 38.86 46,488 62,000 58,170 63.971 42,680 62,096 23,310 38,840 69.984 46,488 62,000 0 120,170 0 110,459 162,850 0 224,946 0 248,256 0 149,299 318,240 0 Money flow at the end of the day + + $ 830,216Step 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