Question
ruce buys $10,000 of Sketchy Corporation stock. Unfortunately, a major newspaper reveals the very next day that the company is being investigated for accounting fraud,
ruce buys
$10,000
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?
The percentage increase is _____%.
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Principles Of Macroeconomics
Authors: Frank, Bernanke, Antonovics, Heffetz
3rd Edition
1259117162, 9781259117169
