The return of the stock market on that day is +1.69%
The money gained or lost on an investment over time is referred to as a return, often known as a financial return. The nominal change in the dollar value of an investment over time can be used to describe a return.
The ratio of profit to investment can be used to calculate a return as a percentage. Returns can either be shown as net results (after costs, taxes, and inflation) or as gross returns, which just take the price change into account.
FV = PV × (1 + i)
PV = 12,958. 44
FV = 12,958. 44 + 215.04 = 13,173.48
Putting the values into formula:
FV = PV × (1 + i)
13,173.48 = 12,958. 44 (1 + i)
1 + i = 13,173.48/12,958. 44 = 1.69
So, the return of the market on that day is +1.69%.
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