Bjrn bought 300 shares of Danske Bank A/S for DKK170 (Danish krone) per share on October 1,
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Bjørn bought 300 shares of Danske Bank A/S for DKK170 (Danish krone) per share on October 1, 2018. Unfortunately, a major newspaper reveals the very next day that the bank is being investigated for money laundering, and the price of its shares falls by 25%. What is the percentage increase now required for the value of Bjørn’s stock to get back to what he paid for it?
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Related Book For
Fundamentals Of Investing
ISBN: 9780135175217
14th Edition
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
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