17. Exchange Rates (LO2, CFA5) You are a U.S. investor who invested $420,000 in India five years...

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17. Exchange Rates (LO2, CFA5) You are a U.S. investor who invested $420,000 in India five years ago.

Assume that your investment gained 7 percent per year. If the exchange rate moved from 70.1 rupees per dollar to 72.4 rupees per dollar over the five-year period, what was your total return on this investment?

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