The Dow Jones Industrial Average measures the volume of trading in 30 large publicly traded companies,...
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The Dow Jones Industrial Average measures the volume of trading in 30 large publicly traded companies, and this index is used to gauge the performance of the overall stock market activity. The following table gives the daily percent change of the index between consecutive days of trading during the period from 1/04/10 to 1/08/10. Day Daily Percent Change 1/04/10 1.495% 1/05/10 -0.113% 1/06/10 0.016% 1/07/10 0.314% 1/08/10 0.107% Using the given daily percent changes, find the single daily effective rate which is equivalent to the activity over the five day period. Give your answer as a percent rounded to three decimal places. Go to Settings to activate Windows. The Dow Jones Industrial Average measures the volume of trading in 30 large publicly traded companies, and this index is used to gauge the performance of the overall stock market activity. The following table gives the daily percent change of the index between consecutive days of trading during the period from 1/04/10 to 1/08/10. Day Daily Percent Change 1/04/10 1.495% 1/05/10 -0.113% 1/06/10 0.016% 1/07/10 0.314% 1/08/10 0.107% Using the given daily percent changes, find the single daily effective rate which is equivalent to the activity over the five day period. Give your answer as a percent rounded to three decimal places. Go to Settings to activate Windows.
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0362 To find the single daily effective rate equivalent to the activity over the fiveday perio... View the full answer
Related Book For
Essentials Of Statistics For Business And Economics
ISBN: 9781305081598
7th Edition
Authors: David Anderson, Thomas Williams, Dennis Sweeney, Jeffrey Cam
Posted Date:
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