The following table lists the closing levels of the S&P 500 Index and the share price of Amazon stock.Year20172018201920202021Relative ReturnS&P 500 Index2043.94%2238.832673.612506.853230.78AMZNtAMZNt-1What was the lowest annual returnto two decimal points.The annual return of AMZN relative to the S&P 500 Index can be expressed using the formula:AMZNS&P 500 tS&P 500 t-1675.89768.661169.471501.971847.84AMZN relative to the S&P 500 Index from 2018 to 2021? Round your answer

Relative return The relative return is the return earned by an investment portfolio compared to its…

The annual return of AMZN relative to the S&P 500 Index can be expressed using the formula: Relative Return = AMZN₁ AMZN-1 % S&P 500 t S&P 500 t-1 What was the lowest annual return of AMZN relative to the S&P 500 Index from 2018 to 2021? Round your answer to two decimal points.

The annual return of AMZN relative to the S&P 500 Index can be expressed using the formula: Relative Return = AMZN₁ AMZN-1 % S&P 500 t S&P 500 t-1 What was the lowest annual return of AMZN relative to the S&P 500 Index from 2018 to 2021? Round your answer to two decimal points.

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter16: Financial Statement Analysis

Section: Chapter Questions

Problem 2MAD

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Question

The following table lists the closing levels of the S&P 500 Index and the share price of Amazon stock.
Year
2017
2018
2019
2020
2021
Relative Return
S&P 500 Index
2043.94
%
2238.83
2673.61
2506.85
3230.78
AMZNt
AMZNt-1
What was the lowest annual return
to two decimal points.
The annual return of AMZN relative to the S&P 500 Index can be expressed using the formula:
AMZN
S&P 500 t
S&P 500 t-1
675.89
768.66
1169.47
1501.97
1847.84
AMZN relative to the S&P 500 Index from 2018 to 2021? Round your answer

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