If on November 27, 2017, The Dow Jones Industrial Average closed at 12,958.44, which was up 215.04 that day. What was the return (in percent) of the stock market that day?
A) −0.017 percent
B) +0.017 percent
C) −1.69 percent
D) +1.69 percent

Question

Quizplus · Accepted Answer

The return can be calculated as the change in value divided by the starting value, then multiplied by 100 to convert to a percentage. The starting value is the closing value minus the change, which is 12,958.44 - 215.04 = 12,743.4. Thus, the return is (215.04 / 12,743.4) * 100 = approximately 1.69 percent.

If on November 27, 2017, the Dow Jones Industrial Average