Please give me true answer this financial accounting question On July 10, 2022, the S&P 500 Index reached a newhigh. The index closed at 4,180.85, which was up85.25 points for the day. What was the return (inpercent) of the stock market that day?

To calculate the return of the stock market (in percentage) for that day, we use the formula: Return…

Answered: On July 10, 2022, the S&P 500 Index…

International Financial Management

14th Edition

ISBN:9780357130698

Author:Madura

Publisher:Madura

Chapter13: Direct Foreign Investment

Section: Chapter Questions

Problem 1IEE

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On July 10, 2022, the S&P 500 Index reached a new high. The index closed at 4,180.85, which was up 85.25 points for the day. What was the return (in percent) of the stock market that day?