Spectral radius and dense subspace Let $X$ be a Banach space, and let $E$ be a dense subspace of $X$. Let 
$A: X \to X$ be a bounded operator on $X$ that maps $E$ to itself. Assume that the spectral radius of $A$ restricted to $E$ is $r&gt;0$. Is it true that the spectral radius of $A$ on $X$ is equal to $r$ (or can it "jump up")?

Edit (precisions)
I am assuming that $E$ is a linear vector space, and that the spectral radius of $A$ on $E$ is equal to a finite $r&gt;0$. I am asking if this implies that the spectral radius of $A$ on $X$ is at most $r$.
Consider the Banach space $X = C[0,1]$ of continuous functions on $[0,1]$, with the operator $A$ of multiplication by $x$ (i.e. $Af(x) = x f(x)$).  This has spectrum $[0,1]$.  Let $E$ be the subspace of $X$ consisting of polynomials.  This is invariant under $A$.  However, $A - \lambda I$ is never surjective as an operator from  $E$ to $E$, e.g. there is no polynomial $g(x)$ such that $(x - \lambda) g(x) = 1$.  Therefore the spectrum of the restriction of $A$ to $E$ is all of $\mathbb C$.

EDIT: In the other direction, the spectrum of $A$ is always contained in the spectrum of the restriction $A|_E$ of $A$ to $E$: if $\lambda$ is not in the spectrum of $A|_E$, i.e. $A|_E - \lambda I|_E$ 
has a bounded two-sided inverse $R_\lambda: E \to E$, then $R_\lambda$ extends by continuity to a bounded linear operator $\overline{R}_\lambda$ on $X$ which is a two-sided inverse of $A-\lambda I$ there, so $\lambda$ is not in the spectrum of $A$.  Thus the spectral radius can never "jump up".

For an example where $A|_E$ has finite spectral radius, consider the same $A$ and $X$ as in my previous example, but let $E$ be the space of restrictions to $[0,1]$ of functions analytic in the disk $\{z: |z| &lt; 2\}$. If $|\lambda| &gt; 2$, $A|E - \lambda I$ has a bounded inverse on $E$, namely multiplication by $1/(x - \lambda)$.  But if $|\lambda| &lt; 2$, $A|_E - \lambda$ is not surjective.  Thus the spectral radius "jumps down" from $2$ to $1$.
$X=R^2=Vect\{e_1,e_2\}$, $A(e_1)=e_1, A(e_2)=2e_2$, $E=R^2-Re_2$. The spectrum of $A$ restricted to $E$ is $1$ and the spectrum of $A$ is $\{1,2\}$.