What was the effective annual rate return of stock market

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Reference no: EM131520719

On June 24, 2016, the Dow Jones Industrial Average opened at $18,011.07 and closed at $17,400.75. What was the daily return that day, and what was the effective annual rate return (in percent) of the stock market that day?

Daily Return: ______________%

EAR: ______________%

Please show all work, thanks!

Reference no: EM131520719

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