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4. Mr. Smith buys 1 share of Canada-based CC Forest Corp. at C$20 (C$ = Canadian currency) when the FX rate is C$1/$. One year
4. Mr. Smith buys 1 share of Canada-based CC Forest Corp. at C$20 (C$ = Canadian currency) when the FX rate is C$1/$. One year later, the price is C$24 and no dividends have been paid. If the current exchange rate is C$1.2/$, calculate the investment return in U.S. dollars for one year
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