Question

Hello, This is for my Finance class. I am trying to find the monthly return of...

Hello,

This is for my Finance class. I am trying to find the monthly return of some stocks. I have the Opening Price and the Closing price for each month. I have calculated the monthly return using this formula:

(Closing Price - Starting Price) / Starting Price

Is this the accurate formula? Here is the data and my answers for the first few months. Are they correct?

Opening Closing Return
56.30 60.71

.0783
60.95 55.98 -.0815
55.92 55.57 -.0063
55.65 57.62 .0354

Thank you!

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Answer #1
Opening Closing Return
56.3 60.71 7.83%
60.95 55.98 -8.15%
55.92 55.57 -0.63%
55.65 57.62 3.54%

The answer are right

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