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Bruce buys $6,000 of Sketchy Corporation stock. Unfortunately, a major newspaper reveals the very next day that the company is being investigated for accounting fraud,

Bruce buys $6,000 of Sketchy 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 62%.

What is the percentage increase now required for the value of Bruce's stock to get back to what he paid for it? (round 2 decimal places)

CH 6 Q5

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