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A US Institutional Investor decided to invest in a Indian security of b = 1.20 and standard deviation 15%. The return on the market portfolio

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A US Institutional Investor decided to invest in a Indian security of b = 1.20 and standard deviation 15%. The return on the market portfolio is 15% and risk-free rate is 8% in India. Indian rupee in expected to depreciate by 4% in the next one year. You are required to calculate expected return in dollar if the FII holds the investment for one year

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