What is the volatility of the FTSE 100 when it is translated to U.S. dollars? Assume that
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What is the volatility of the FTSE 100 when it is translated to U.S. dollars? Assume that the USD-GBP exchange rate is expressed as the number of U.S. dollars per pound sterling. (Hint: When Z = XY, the percentage daily change in Z is approximately equal to the percentage daily change in X plus the percentage daily change in Y.)
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