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The following table contains data on market advances and declines. Market Advances and Declines Advances Declines Day (in millions) (in millions) 1234567822 914 752 661 993 725 797 507 976 505 1,097 972 706 1,012 603 911 720 858 10 774 742 774 Required: a. If the trading volume in advancing shares on day 1 was 1.9 billion shares, while the volume in declining issues was 1.7 billion shares, what was the trin statistic for that day? (Do not round intermediate calculations. Round your answer to 4 decimal places.) Trin statistic b. Was trin bullish or bearish? Bearish Bullish

The following table contains data on market advances and declines. Market Advances and Declines Advances Declines Day (in millions) (in millions) 1234567822 914 752 661 993 725 797 507 976 505 1,097 972 706 1,012 603 911 720 858 10 774 742 774 Required: a. If the trading volume in advancing shares on day 1 was 1.9 billion shares, while the volume in declining issues was 1.7 billion shares, what was the trin statistic for that day? (Do not round intermediate calculations. Round your answer to 4 decimal places.) Trin statistic b. Was trin bullish or bearish? Bearish Bullish

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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The following table contains data on market advances and declines. Market Advances and Declines Advances Declines Day (in millions) (in millions) 1234567822 914 752 661 993 725 797 507 976 505 1,097 972 706 1,012 603 911 720 858 10 774 742 774 Required: a. If the trading volume in advancing shares on day 1 was 1.9 billion shares, while the volume in declining issues was 1.7 billion shares, what was the trin statistic for that day? (Do not round intermediate calculations. Round your answer to 4 decimal places.) Trin statistic b. Was trin bullish or bearish? Bearish Bullish
Transcribed Image Text:The following table contains data on market advances and declines. Market Advances and Declines Advances Declines Day (in millions) (in millions) 1234567822 914 752 661 993 725 797 507 976 505 1,097 972 706 1,012 603 911 720 858 10 774 742 774 Required: a. If the trading volume in advancing shares on day 1 was 1.9 billion shares, while the volume in declining issues was 1.7 billion shares, what was the trin statistic for that day? (Do not round intermediate calculations. Round your answer to 4 decimal places.) Trin statistic b. Was trin bullish or bearish? Bearish Bullish
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