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A U.S. investor makes an investment in Britain and earns 14% on the investment while the British pound depreciates against the U.S. dollar by 8%.

A U.S. investor makes an investment in Britain and earns 14% on the investment while the British pound depreciates against the U.S. dollar by 8%. What is the investor's total return?

22.00%

23.12%

6.00%

4.88%

none of the above is correct

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