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Kevin
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Friday to Friday is correct (close of the week to close of the following week)

Suppose the following closing prices

  • Friday: \$1,000
  • Monday: \$1,025
  • Tuesday: \$1,050
  • Wednesday: \$1,075
  • Thursday: \$1,085
  • Friday: \$1,100

Then, Friday's close profit is \$100 and the return is $\frac{\\\$100}{\\\$1000}=10\%$.