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The S&P/TSX Composite Index Rose 3

Question 296

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The S&P/TSX Composite Index rose 3.4%, dropped 1.4%, and then rose 2.1% in 3 successive months. The Index ended the 3-month period at 9539.
a) What was the Index at the beginning of the 3-month period?
b) How many points did the Index drop in the second month?

Correct Answer:

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a) 9163.89...

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