In Figure 25.2, we provide stock market returns in both local and dollar-denominated terms. Which of these

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In Figure 25.2, we provide stock market returns in both local and dollar-denominated terms.

Which of these is more relevant? What does this have to do with whether the foreign exchange risk of an investment has been hedged?

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Investments

ISBN: 9781259277177

11th Edition

Authors: Zvi Bodie, Alex Kane, Alan J. Marcus

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