Fin 550


4. Look up the daily trading volume for the following stocks during a recent five-day period:
• Merck
• Anheuser Busch
• Intel
• McDonald’s
• General Electric
Randomly select five stocks from the NYSE and examine their daily trading volume for the same five days.
a. What are the average volumes for the two samples.

b. Would you expect this difference to have an impact on the efficiency of the markets for the two samples? Why or why not?

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Portfolio Management: Fin 550
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