The Evening News Reports That the S&P/TSX Composite Index Dropped

question 152

Short Answer

The evening news reports that the S&P/TSX Composite Index dropped 1.7% on the day to close at 13,646 points. Rounded to the nearest integer, how many points did the index fall on the day?

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Definitions:

Coupon Rate

The annual interest rate paid on a bond, expressed as a percentage of the face value and paid from issue date until maturity.

Debentures

Long-term securities issued by a company that are not secured by physical assets or collateral but by the general credit of the issuer.

Specific Assets

Assets identified and designated for a particular purpose or project, often tied to securing a specific obligation.

Appreciation

A term used in finance and economics to describe the increase in value of an asset over time.