Could you help me solve this financial accounting question using appropriate calculation techniques? On April 10, 2022, the Nasdaq Composite Index reached a new high.The index closed at 15,786.45, which was up 210.50 that day.What was the return (in percent) of the stock market that day?

Step 1: Definition of Return (in Percent)Daily return (in percent) is the percentage change in the…

Answered: On April 10, 2022, the Nasdaq Composite…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter2: The Domestic And International Financial Marketplace

Section: Chapter Questions

Problem 1P

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On April 10, 2022, the Nasdaq Composite Index reached a new high. The index closed at 15,786.45, which was up 210.50 that day. What was the return (in percent) of the stock market that day?