What Is the 3-Day Exponential Moving Average as of Day

question 65

Multiple Choice

What is the 3-day exponential moving average as of Day 5 assuming that a weight of 60 percent is placed on the most recent price?
$$\begin{array} { c r } \text { Day } & \text { Closing Frice } \\1 & \$ 21.40 \\2 & 22.60 \\3 & 21.05 \\4 & 20.80 \\5 & 21.00 \\6 & 21.25 \\7 & 21.30\end{array}$$

• A)$20.95
• B)$21.02
• C)$21.05
• D)$21.16
• E)$21.43

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