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3. During October 2008 there was a sudden global decline in the price of equity securities and credit securities. Many superannuation funds made negative returns

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3. During October 2008 there was a sudden global decline in the price of equity securities and credit securities. Many superannuation funds made negative returns on investments during this period. How would this event affect the wealth of employees and employers? Consider both defined benefit and defined contribution superannuation funds in your answer to this

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