The S&P 500 declined 38.49 percent during 2008, its third-worst performance in history. (The…

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The S&P 500 declined 38.49 percent during 2008, its third-worst performance in history. (The largest declines were 47.07 percent and 38.59 percent and occurred during 1931 and 1937, respectively) What percentage increase is necessary to recoup the 38.49 percent loss? View Solution:
The S P 500 declined 38 49 percent during 2008 its third worst