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1. (8 points) Suppose one year ago you converted dollars to euros to purchase Frankfurt Industrial stock. This year you sold the stock and converted
1. (8 points) Suppose one year ago you converted dollars to euros to purchase Frankfurt Industrial stock. This year you sold the stock and converted the euros back into dollars. Overall, your total return in dollars after converting from euros back to dollars was 16.3%. If your return in euros on FI stock was 10%, and the initial exchange rate when you purchased the stock was $1.10/euro, what was the total return in percent on the exchange rate change, and what was the final exchange rate
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