Given the following information, what is the 3-day simple moving average as of Day 3?
$$\begin{array} { c c }
\text { Day } & \text { Closing Price } \
1 & \$ 13.38 \
2 & 13.89 \
3 & 13.53 \
4 & 12.34 \
5 & 12.59 \
6 & 12.53 \
7 & 13.38
\end{array}$$

Question

Given the following information, what is the 3-day simple moving average as of Day 3?
$$\begin{array} { c c } 
\text { Day } & \text { Closing Price } \
1 & \$ 13.38 \
2 & 13.89 \
3 & 13.53 \
4 & 12.34 \
5 & 12.59 \
6 & 12.53 \
7 & 13.38
\end{array}$$

Quizplus · Accepted Answer

The 3-day simple moving average as of Day 3 is calculated by adding the closing prices of days 1, 2, and 3, and then dividing by 3. This gives us $(13.38 + 13.89 + 13.53) / 3 = 40.80 / 3 = 13.60$.

Given the Following Information, What Is the 3-Day Simple Moving