Problem 8-2 Stock Index Performance (LG8-3) On March 9, 2009, the Dow Jones Industrial Average reached...

Question

Question

Problem 8-2 Stock Index Performance (LG8-3) On March 9, 2009, the Dow Jones Industrial Average reached a new low at a close o

Answer 1

Answer #1

Return of stock Market = Change/Opening Value

Opening Value in this question = 7,047.30 + 90.14 = $7,137.44

Return of stock market = -$90.14/$7,137.44 = -1.26%

Answer 2

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