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5. Emerald Energy is an oil exploration and production company that trades on the London stock market. Over the past year, the stock price moved
5. Emerald Energy is an oil exploration and production company that trades on the London stock market. Over the past year, the stock price moved from 10 per share to 12 per share. Over the same period, the exchange rate has moved from $2.00 = 1 to $1.80 = 1. Calculate the percentage rate of return in terms of U.S. dollars. A. 32% B. 30% C. 8%
D. None of the above E. There is not enough information to compute the investor's annual percentage rate of return in terms of the U.S. dollars.
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