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[i]. (10 points) Day 1 2 3 4 Advances 870 760 960 840 Declines 880 990 790 910 Volume Advancing(m) 580 620 480 510 Volume

[i]. (10 points)

Day

1

2

3

4

Advances

870

760

960

840

Declines

880

990

790

910

Volume Advancing(m)

580

620

480

510

Volume Declining(m)

670

580

720

520

Yield on Top Rated bond

6.8%

6.7%

6.7%

6.6%

Yield on Intermediate-grade bond

7.4%

7.4%

7.5%

7.6%

a)

What is the Cumulative breadth for the 4 days?

b) Does the cumulative breadth indicate a bullish or bearish market?

[i]

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