. The Collapse of Bear Stearns: At its founding in 1923, the global investment company Bear Stearns was worth approximately $6.1 billion in 2008 constant dollars (dollars adjusted for inflation). On March 13, 2008, the price of the stock was $56.60 per share. Over the next few days, the value of the stock took a dramatic plunge dropping 47% from March 13^th to the 14th and then dropped another 84% by March 17th. On March 17th, JP Morgan Chase offered to buy Bear Stearns at $2 per share, or roughly $236 million for the entire firm. By March 24th,JP Morgan had increased its offer to $10 a share.

What is the overall percent change in the price of the stock from March 13 to

March 17?

The value of the company on March 17 (according to what JP Morgan Chase offered to pay) was what percent less than the value when it was founded in 1923?

By what percent did JP Morgan increase its price per share offer from March 17 to March 24?

2008 was a challenging time not just for Bear Stearns but for the entire stock market. the Dow Jones Industrial Average (an indicator for the stock market) fell 30.5% from March 2008 to the end of the year. The Dow ended the year at 8516. What was the Dow in March 2008?