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 %
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 %
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
%](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc2e99bea-40b4-4871-b1c7-d768a8898c09%2Fa7f11c47-bd5f-4b83-a915-aa51a8703fc0%2Fkiwmt8f_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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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