Based on Returns for the Last Six Months of 2007

Multiple Choice

Based on returns for the last six months of 2007 for a social choice portfolio
Comprised of "green" companies shown below, the forecasted monthly return for January
2008 using a three-month moving average is $$\begin{array} { l c } \text { Month } & \text { Monthly Return } \\\text { July } & 2.2 \% \\\text { August } & 2.5 \\\text { September } & 1.8 \\\text { October } & 1.4 \\\text { November } & 1.1 \\\text { December } & 1.9\end{array}$$

A) 1.77
B) 1.9
C) 1.55
D) 2.47
E) 1.47