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Imagine that the Mini-Dow Average (MDA) is based on the closing prices of 5 stocks. The divisor used in the calculation of the MDA IS

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Imagine that the Mini-Dow Average (MDA) is based on the closing prices of 5 stocks. The divisor used in the calculation of the MDA IS currently 0.765. The closing prices for each of the 5 stocks in the MDA today and exactly 1 year ago, when the divisor was 0.780, are given in the following table: a. Calculate the MDA today and that of a year ago. b. Compare the values of the MDA calculated in part a and describe the apparent market behavior over the last year. Was it a bull or bear market? a. The MDA today is . (Round to two decimal places.) Data Table Stock Today 1 Year Ago Ace Computers $72.91 $64.01 Coburn Motor Company 38.55 34.94 National Soap & Cosmetics 108.52 96.58 Ronto Foods 74.23 73.98 Wings Aircraft 95.62 86.54 (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

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