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TEXTILE CURRENT ACCOUNTS SCHEDULE OF CHARGES w.e.f. OCTOBER 1, 2009, Monthly Average balance Tex Basic Rs 25,000Tex Advantage Rs 75,000Mode of calculation of Average of daily closing positive balances

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How to fill out average of daily closing

01

To fill out average of daily closing, follow these steps:

02

Obtain a dataset containing daily closing prices.

03

Calculate the closing price for each day.

04

Add up all the closing prices.

05

Count the total number of days.

06

Divide the sum of closing prices by the number of days to get the average of daily closing.

Who needs average of daily closing?

01

Average of daily closing is needed by financial analysts, investors, and traders who want to understand the overall trend and performance of a financial market or a specific asset. It helps in making informed decisions related to buying, selling, or holding assets based on historical closing prices.

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What is average of daily closing?

The average of daily closing is calculated by adding up the closing prices of a security over a specific period of time and then dividing by the number of days in that period.

Who is required to file average of daily closing?

Investors, traders, and financial institutions may be required to file average of daily closing depending on regulatory requirements or internal policies.

How to fill out average of daily closing?

To fill out average of daily closing, one must gather daily closing prices of a security for a specific period, calculate the average using a mathematical formula, and report the result in the required format.

What is the purpose of average of daily closing?

The purpose of average of daily closing is to track the performance and volatility of a security over time, make informed investment decisions, and comply with regulatory requirements.

What information must be reported on average of daily closing?

The information that must be reported on average of daily closing includes the security name, closing prices for each day in the period, the calculation of the average, and any relevant market data.

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