i X Data Table Closing Market Value of Stock ($Thousands) Stock June 30, 2016 January 1, 2016 January 1, 1978 1 $422 $456 $241 2 $1,160 $1,111 $631 3 $984 $981 $454 4 $369 $421 $156 5 $655 $696 $323 6 $293 $328 $74 (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.) Print Done The SP-6 Index (a fictitious index) is used by many investors to monitor the general behavior of the stock market. It has a base value set equal to 100 at January 1, 1978. In the table shown here, , the closing market values for each of the 6 stocks included in the index are given for 3 dates. a. Calculate the value of the SP-6 Index on both January 1, 2016, and June 30, 2016, using the data presented here. b. Compare the values of the SP-6 Index calculated in part a and relate them to the base index value. Would you describe the general market condition during the 6-month period January 1 to June 30, 2016, as a bull or a bear market? a. The value of the SP-6 Index on January 1, 2016 is (Round to two decimal places.) The value of the SP-6 Index on June 30, 2016 is. (Round to two decimal places.) b. Would you describe the general market condition during the six-month period January 1 to June 30, 2016, as a bull or a bear market? (Select the best answer below.) A. It was a bear market. OB. It ws a bull market