Two years ago, Mary Applegate’s mutual fund portfolio was worth $410,000. Now, because of the recent economic crisis, the total value of her investment portfolio has decreased to $296,000. Even though she has lost a significant amount of money, she has not changed her investment holdings, which consist of either aggressive growth funds or growth funds.

a. How much money has Ms. Applegate lost in the last two years?

b. Given the above information, calculate the percentage of lost value.

c. What actions would you take to get her investment back in shape if you were Mary Applegate?