You invest $1 million at the beginning of 2025 in an S&P 500 stock-index fund. If the

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You invest $1 million at the beginning of 2025 in an S&P 500 stock-index fund. If the rate of return in 2025 is −40%, what rate of return in 2026 will be necessary for your portfolio to recover to its original value?

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ISE Investments

ISBN: 9781260571158

12th International Edition

Authors: Zvi Bodie, Alex Kane, Alan Marcus

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