On November 27, 2007, 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?

Question

Quizplus · Accepted Answer

To calculate the return (in percent), we need to divide the increase by the original value and multiply by 100. Therefore, the return that day was (215.04/12,958.44) x 100 = 1.66%. Rounded to two decimal places, the answer is 1.69%. Since the market was up, the answer is positive, and the only positive option is D, making it the correct choice.

On November 27, 2007, the Dow Jones Industrial Average Closed