I would think this would be an easy question, but I can't seem to get a total return for S&P 500 (or other example indices, for that matter), but the formula works fine for stocks. Can someone please advise? My call is below:
I am not sure by the meaning of TotalReturn on the index.
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Right, I meant the total return over a period for an index. I've tried using the above formula for individual equities and it works fine, but it doesn't work when I use an index instead of an individual stock ticker. Can you help me figure out why that is? Thanks.