Calculate the mda today and that of a year ago

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Reference no: EM131926196

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 0.790, are given in the accompanying table.

Calculate the MDA today and that of a year ago.

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 a bear market?

Stock	Today	1 Year Ago
Ace Computers	$65	$74
Coburn Motor Company	37	34
National Soap & Cosmetics	110	96
Ronto Foods	73	72
Wings Aircraft	96	87

Reference no: EM131926196

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