If on November 26, 2017, The Dow Jones Industrial Average closed at 12,743.40, which was down 237.44 that day. What was the return (in percent) of the stock market that day?
A) −0.02 percent
B) +0.02 percent
C) −1.83 percent
D) +1.83 percent

Question

Quizplus · Accepted Answer

The return can be calculated using the formula: [(Final Value - Initial Value) / Initial Value] * 100. The initial value is the closing value plus the decrease, so 12,743.40 + 237.44 = 12,980.84. The return is [(12,743.40 - 12,980.84) / 12,980.84] * 100 = -237.44 / 12,980.84 * 100 ≈ -1.83 percent.

If on November 26, 2017, the Dow Jones Industrial Average