In 1990, the Dow Jones Industrial Average was at a level of about 2,600. In 2010, it

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In 1990, the Dow Jones Industrial Average was at a level of about 2,600. In 2010, it was about 10,000. Would you expect the Dow in 2010 to be more or less likely to move up or down by more than 40 points in a day than in 1990? Does this mean the market was riskier in 2010 than it was in 1990?
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Fundamentals of Corporate Finance

ISBN: 978-0078034640

7th edition

Authors: Richard Brealey, Stewart Myers, Alan Marcus

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