The returns shown in Table 61 are calculated as shown in Equation 6-2. For example, the return
Question:
The returns shown in Table 6‐1 are calculated as shown in Equation 6-2. For example, the return (R) for 2010 for the S&P 500 Index was 14.82 percent, calculated as
![R2010 [1257.64-1115.10+22.73]/1115.10 = 0.1482 or 14.82% In contrast, in 2000, the return was -9.03 percent,](https://dsd5zvtm8ll6.cloudfront.net/images/question_images/1703/3/3/1/0426586c4e2eebf01703331039805.jpg)
Table 6‐1
Equation 6-2
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Related Book For 
Investments Analysis And Management
ISBN: 9781118975589
13th Edition
Authors: Charles P. Jones, Gerald R. Jensen
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