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

Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter14: Financial Statement Analysis
Section: Chapter Questions
Problem 10BE: A company reports the following: Determine (a) the return on stockholders equity and (b) the return...
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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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