Investments
Investments
11th Edition
ISBN: 9781259277177
Author: Zvi Bodie Professor, Alex Kane, Alan J. Marcus Professor
Publisher: McGraw-Hill Education
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Chapter 12, Problem 21PS
Summary Introduction

To determine: The TRIN statistics for 1 day

Introduction: TRIN is the trading index or arms Index. It is usually calculated as the ratio of number of issues in advances with the number of declining issues. The index is a simple moving average.

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Suppose a stock had an initial price of $35.19 per share, paid a dividend of $2.26 per share during the year, and had an ending share price of $33.6. Compute the percentage total return. Answer as a percentage to two decimals (if you get -O.0435, you should answer -4.35).
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