The table below shows the closing monthly stock prices for Penn Company and Teller, Incorporated. Calculate the exponential three- month moving average for both stocks where two-thirds of the average weight is placed on the most recent price. Note: Do not round intermediate calculations. Round your answers to 2 decimal places. January February March April May June July August September October November December Penn $ 169.64 173.29 180.13 195.81 196.69 204.49 222.52 215.23 216.23 213.51 192.29 173.10 Teller $ 600.36 613.40 586.76 544.10 529.02 506.38 603.69 540.96 515.04 592.64 599.39 645.90

The table below shows the closing monthly stock prices for Penn Company and Teller, Incorporated. Calculate the exponential three- month moving average for both stocks where two-thirds of the average weight is placed on the most recent price. Note: Do not round intermediate calculations. Round your answers to 2 decimal places. January February March April May June July August September October November December Penn $ 169.64 173.29 180.13 195.81 196.69 204.49 222.52 215.23 216.23 213.51 192.29 173.10 Teller $ 600.36 613.40 586.76 544.10 529.02 506.38 603.69 540.96 515.04 592.64 599.39 645.90

Financial Accounting

14th Edition

ISBN:9781305088436

Author:Carl Warren, Jim Reeve, Jonathan Duchac

Publisher:Carl Warren, Jim Reeve, Jonathan Duchac

Chapter13: Corporations: Organization, Stock Transactions, And Dividends

Section: Chapter Questions

Problem 4CP

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