
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Transcribed Image Text:The following table contains data on market advances and declines.
Market Advances and Declines
Advances
Day (in millions)
1
926
709
731
ANGSAWNY
2
10
513
517
975
1,025
923
870
786
Trin statistic
Declines
(in millions)
714
1,053
809
988
1,100
712
613
747
746
786
Required:
a. If the trading volume in advancing shares on day 1 was 31 billion shares, while the volume in declining issues was 2.8 billion shares,
what was the trin statistic for that day? (Do not round intermediate calculations. Round your answer to 4 decimal places.)
09497
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