What is return on the investment one year ago


Greg purchased stock in Bear Stearns and Co. at a price of $89 per share one year ago. The company was acquired by JP Morgan at a price of $10 per share. What is Greg's return on his investment?

a

-88.76%
b

-96.25%
c

-79.00%
d

-85.45%

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Finance Basics: What is return on the investment one year ago
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