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7. During the past year; the U.S. market return was 20%, European market return was 15%, and the dollar appreciated by 10% against the Euro.

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7. During the past year; the U.S. market return was 20%, European market return was 15%, and the dollar appreciated by 10% against the Euro. What was the return of a U.S. individual investing in European securities? (Choose the closest). a. 4.0% b. 8.0% c. 15% d. 27%

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