Question

At the beginning of the day, the sum of the stocks in the Dow Jones was

$10,335.24. At the end of the day, the sum of the stocks in the Dow Jones
was $10,215.78. What was the rate of change of the Dow Jones on this
particular day?

Answer 1

Answer: -1.2%

Explanation:

Answer 2

- 1.15585%

Explanation:

Given that:

Sum of stock at beginning = $10,335.24

Sum of stock at the end of the day = $10,215.78

Rate of change of the Down Jones on that day :

The change in price on the day:

Ending - Beginning

10,215.78 - 10,335.24 = −119.46

The rate if change is thus ;

(Change in price / beginning stock price) * 100%

(-119.46 / 10,335.24) * 100%

-0.0115585 * 100%

- 1.15585%