Question: The table below includes beginning and ending data for the Dow Jones, NASDAQ, and the S&P 500. You are to find the average annual
The table below includes beginning and ending data for the Dow Jones, NASDAQ, and the S&P 500. You are to find the average annual return for each stock index. If you had $1,000 dollars to invest in each index on January 1, 2016, what would your investment balance be as of December 31, 2022 for each stock index? Index Dow Jones NASDAQ S&P 500 12/31/15 17,823.07 5,007.41 2,043.94 12/31/22 34,086.04 11,584.55 4,076.60
Step by Step Solution
3.28 Rating (157 Votes )
There are 3 Steps involved in it
To calculate the average annual return for each stock index well use the formula for annualized retu... View full answer
Get step-by-step solutions from verified subject matter experts
