Problem $8-4$ Exponential Moving Averages $($LO$4,$ CFA$3)$

The table below shows the closing monthly stock prices for Penn Company and Teller, Incorporated. Calculate the exponential three$-$month moving average for both stocks where two$-$thirds of the average weight is placed on the most recent price.

Note: Input all amounts as positive values. Do not round intermediate calculations. Round your answers to $2$ decimal places.

Penn Teller

January $ $171\mathrm{.}44$ $ $604\mathrm{.}71$

February $174\mathrm{.}49616\mathrm{.}64$

March $183\mathrm{.}91582\mathrm{.}53$

April $199\mathrm{.}80545\mathrm{.}30$

May $195\mathrm{.}25522\mathrm{.}78$

June $205\mathrm{.}87502\mathrm{.}78$

July $226\mathrm{.}51604\mathrm{.}59$

August $211\mathrm{.}54539\mathrm{.}61$

September $217\mathrm{.}67514\mathrm{.}26$

October $213\mathrm{.}87595\mathrm{.}67$

November $193\mathrm{.}64596\mathrm{.}78$

December $173\mathrm{.}94649\mathrm{.}20$Problem $8-4$ Exponential Moving Averages $($LO$4,$ CFA$3)$

The table below shows the closing monthly stock prices for Penn Company and Teller, Incorporated. Calculate the exponential three$-$month

moving average for both stocks where two$-$thlrds of the average weight is placed on the most recent price.

Note: Input all amounts as positlve values. Do not round Intermedlate calculatlons. Round your answers to $2$ decimal places.

Answer is complete but not entirely correct.