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A 10,000 Pound deposit in a London bank in a year. The interest rate on Pounds is 2%. Euro-Pound exchange rates move from 1.36 Euros
A 10,000 Pound deposit in a London bank in a year.
The interest rate on Pounds is 2%. Euro-Pound exchange rates move from 1.36 Euros per Pound to 1.17 Euros per Pound.
Calculate the Euro rates of return.
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