The Japanese stock market bubble peaked at 54,000 in 1989. Two and a half years later it had fallen to 24,600. What was the percentage decline? (Negative answer should be Indicated with a minus sign. Round your answer to 2 decimal places.) x Answer is complete but not entirely correct. (50.44) * % Market decline

The Japanese stock market bubble peaked at 54,000 in 1989. Two and a half years later it had fallen to 24,600. What was the percentage decline? (Negative answer should be Indicated with a minus sign. Round your answer to 2 decimal places.) x Answer is complete but not entirely correct. (50.44) * % Market decline

International Financial Management

14th Edition

ISBN:9780357130698

Author:Madura

Publisher:Madura

Chapter10: Measuring Exposure To Exchange Rate Fluctuations

Section: Chapter Questions

Problem 41QA

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The Japanese stock market bubble peaked at 54,000 in 1989. Two and a half years later it had fallen to 24,600. What was the percentage decline? (Negative answer should be indicated with a minus sign. Round your answer to 2 decima places.) Market decline %
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