Question

In: Finance

Yesterday, the index level of XYZ index was 3,407.79. Today's closing level of the XYZ index...

Yesterday, the index level of XYZ index was 3,407.79. Today's closing level of the XYZ index is 3,236.23.

Calculate the percentage change in the index level from yesterday to today.

Round your answer to 4 decimal places. For example, if your answer is 3.205%, then please write down 0.0321.

Solutions

Expert Solution

Percentage change is given by:

Percentage change = Today's level - Yesterday's level / Yesterday's level

Putting the given values in the above formula, we get,

Percentage change = 3236.23 - 3407.79 / 3407.79

Percentage change = -171.56 / 3407.79

Percentage change = - 0.0503

jeff jeffy answered 2 years ago
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