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3. If the reported exchange rate between the U.S. dollar and British pound on a given day is 0.7750/$ and it is changed to 0.7690/$

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3. If the reported exchange rate between the U.S. dollar and British pound on a given day is 0.7750/$ and it is changed to 0.7690/$ after 15 days, what is the annualized) percentage change in the value of $ against and the (annualized) percentage change in the value of against $ over that period?. (8 points)

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