- CFA Exams
- CFA Level I Exam
- Study Session 12. Equity Investments (1)
- Reading 37. Security Market Indices
- Subject 1. Index Definition and Calculations of Value and Returns
CFA Practice Question
The daily return for a typical stock market index is equal to the ______.
B. dollar change in closing prices from one trading day to the next
C. percentage change in closing prices from one day to the opening prices of the next
D. dollar change in opening prices from one trading day to the next
A. percentage change in closing prices from one trading day to the next
B. dollar change in closing prices from one trading day to the next
C. percentage change in closing prices from one day to the opening prices of the next
D. dollar change in opening prices from one trading day to the next
Correct Answer: A
User Contributed Comments 2
| User | Comment |
|---|---|
| danlan | Closing price and not opening price |
| sarath | daily return compares the closing prices on two consecutive trading days... |