Boran Stockbrokers, Inc., selects four stocks for the purpose of developing its own index of stock market behavior. Prices per share for a year 1 base period, January year 3, and March year 3 follow. Base-year quantities are set on the basis of historical volumes for the four stocks. Stock A B C Stock D A B C D Industry Oil Computer Steel Real Estate Price Relative Year 1 Quantity January 100 150 75 50 Price per Share ($) March Year 1 Base 29.50 65.00 40.00 16.00 January Year 3 22.75 49.00 Compute the price relatives for the four stocks making up the Boran index. (Round your answers to one decimal place.) 31.00 6.50 March Year 3 22.50 49.50 29.50 2.75 Use the weighted average of price relatives to compute the January year 3 and March year 3 Boran indexes. (Round your answers to one decimal place.) Ijan = Imar =

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Boran Stockbrokers, Inc., selects four stocks for the purpose of developing its own index of stock market behavior. Prices per share for a year 1 base period, January year 3, and March year 3 follow. Base-year quantities are set on the basis of historical
volumes for the four stocks.
Stock
A
B
C
Stock
D
A
B
C
D
Industry
Oil
Computer
Steel
Real Estate
January
Year 1
Quantity
100
Need Help? Read It
150
75
50
Price per Share ($)
March
Year 1
Base
29.50
January
Year 3
Compute the price relatives for the four stocks making up the Boran index. (Round your answers to one decimal place.)
Price Relative
22.75
16.00
March
Year 3
65.00 49.00 49.50
22.50
40.00 31.00 29.50
6.50
2.75
Use the weighted average of price relatives to compute the January year 3 and March year 3 Boran indexes. (Round your answers to one decimal place.)
Ijan =
IMar =
Transcribed Image Text:Boran Stockbrokers, Inc., selects four stocks for the purpose of developing its own index of stock market behavior. Prices per share for a year 1 base period, January year 3, and March year 3 follow. Base-year quantities are set on the basis of historical volumes for the four stocks. Stock A B C Stock D A B C D Industry Oil Computer Steel Real Estate January Year 1 Quantity 100 Need Help? Read It 150 75 50 Price per Share ($) March Year 1 Base 29.50 January Year 3 Compute the price relatives for the four stocks making up the Boran index. (Round your answers to one decimal place.) Price Relative 22.75 16.00 March Year 3 65.00 49.00 49.50 22.50 40.00 31.00 29.50 6.50 2.75 Use the weighted average of price relatives to compute the January year 3 and March year 3 Boran indexes. (Round your answers to one decimal place.) Ijan = IMar =
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