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1.(12 points) Suppose you are an investor in the U.S. and just sold L'Oral shares that you had bought a year ago. The stock price

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1.(12 points) Suppose you are an investor in the U.S. and just sold L'Oral shares that you had bought a year ago. The stock price was 100 and the exchange rate was $1.44 per euro when you bought the shares. You sold the shares at a price of 135 and the current exchange rate is $1.2 per euro. Compute the rate of return on your investment in dollar terms

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