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The S&P 500 decllined 38.49 percent during 2008, its third-worse performance in history. (The largest declines were 47.07 percent and 38.59 percent and occurred during

The S&P 500 decllined 38.49 percent during 2008, its third-worse performance in history. (The largest declines were 47.07 percent and 38.59 percent and occurred during 1931 abd 1937, respectively.) What percentage increase is necessarily to recoup the 38.49 percent loss?

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