The following table contains data on market advances and declines. Day Advances Declines Day Advances Declines 1,011 884 6 982 822 2 773 986 7 1,122 969 3 721 969 8 927 722 1,328 1,095 683 1,030 858 473 10 778 766 a. Calculate cumulative breadth. (Negative amounts should be indicated by a minus sign.) Day Advances Declines Net Advances Cumulative Breadth 1 1,011 884 2 773 986 3 721 969 683 1,328 5 473 1,095 6 982 822 7 1,122 969 8 927 722 9 1,030 858 10 778 766

The following table contains data on market advances and declines. Day Advances Declines Day Advances Declines 1,011 884 6 982 822 2 773 986 7 1,122 969 3 721 969 8 927 722 1,328 1,095 683 1,030 858 473 10 778 766 a. Calculate cumulative breadth. (Negative amounts should be indicated by a minus sign.) Day Advances Declines Net Advances Cumulative Breadth 1 1,011 884 2 773 986 3 721 969 683 1,328 5 473 1,095 6 982 822 7 1,122 969 8 927 722 9 1,030 858 10 778 766

Financial Reporting, Financial Statement Analysis and Valuation

8th Edition

ISBN:9781285190907

Author:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

Publisher:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

Chapter14: Valuation: Market-based Approach

Section: Chapter Questions

Problem 9QE

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