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	$	179.24		$	623.56
February		179.69			630.68
March		200.29			564.20
April		217.09			550.50
May		189.01			495.74
June		211.85			487.18
July		243.80			608.49
August		195.55			533.76
September		223.91			510.88
October		215.43			608.80
November		199.49			585.47
December		177.58			663.50