In: Finance
Problem 8-4 Exponential Moving Averages (LO4, CFA1) The table below shows the closing monthly stock prices for IBM and Amazon. Calculate the exponential three-month moving average for both stocks where two-thirds of the average weight is placed on the most recent price. (Do not round intermediate calculations. Round your answers to 2 decimal places.) IBM AMZN January $ 175.64 $ 614.86 February 177.29 624.20 March 192.73 572.66 April 209.11 548.10 May 191.89 508.22 June 209.09 494.38 July 235.82 606.69 August 202.93 536.46 September 221.03 512.44 October 214.71 602.74 November 196.79 590.69 December 175.90 656.90