on march 5, 2013, the dow jones industrial average set a new high. the index closed at 14,253.77, which was up 125.95 that day. What was the return (in percent) of the stock market that day

0.89%

Explanation:

The computation of the return of the stock market is shown below:

As we know that

Future value = Present value * (1 + interest rate) ^number of years

where,

Future value = $14,253.77

Present value = $14,253.77 - 125.95 = $14,127.82

So,

$14,253.77 = $14,127.82 * (1 + interest rate) ^1

So, interest rate is

= 1.0089 - 1

= 0.89%