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What was the daily return that day

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Reference no: EM132934965

Problem -

1. On March 24, 2020, the Dow Jones Industrial Average opened at $18,591.93 and closed at $20,704.91. What was the daily return that day, and what was the effective annual rate return (in percent) of the stock market that day?

2. Financial analysts forecast GDY Inc.'s growth for the future to be 8%. GDY's recent annual dividend was $6.00. What is the value of GDY stock when the required return is 11%?

Reference no: EM132934965

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