The following table contains six daily closing prices for four stocks.
a. Calculate the daily percentage change in price for each stock.
b. Calculate a price-weighted average for Days 1-6.
c. Calculate a market-weighted average for Days 1-6.
d. Calculate an unweighted average index for Days 1-6.
e. Compute the daily percentage change for the price-weighted, market-weighted, and unweighted average indices. f. Explain the differences in the results among the three types of indices
