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The closing prices of the stock for 10 consecutive days are provided in the table below. The opening stock price in day 1 is $349.44.
The closing prices of the stock for 10 consecutive days are provided in the table below. The opening stock price in day 1 is $349.44. Assume the daily returns are approximately normally distributed. Day 1 Day 6 7 2 Closing Price $323.65 $342.89 $313.36 $339.55 $332.62 Closing Price $346.37 $344.79 $340.99 $320.24 $321.71 3 8 4 9 5 10 Click the icon to view the table of standard normal probabilities. (a) Calculate the daily return over the period. Fill in the table below. (Round to four decimal places.) Day Daily Return % 2 % 3 % 4 % 5 %
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