P6.15 Bruce buys $25,000 of UH-OH Corporation stock. Unfortunately, a major newspaper reveals the very next day
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P6.15 Bruce buys $25,000 of UH-OH Corporation stock. Unfortunately, a major newspaper reveals the very next day that the company is being investigated for accounting fraud, and the stock price falls by 50%. What is the percentage increase now required for Bruce to get back to $25,000 of value?
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Related Book For
Fundamentals Of Investing
ISBN: 9780136117049
11th Edition
Authors: Lawrence J. Gitman, Michael D. Joehnk, Scott B. Smart, Scott J. Smart
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