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A U.S investor obtains Ghana cenis when the credi is worth 5.33 and invest in a one year money market that provides a yield (in
A U.S investor obtains Ghana cenis when the credi is worth 5.33 and invest in a one year money market that provides a yield (in cedis) of 24 %. at the end of one year the investor converts the proceeds from the investment bank to dollars at the prevailing spot range of 5.26. what is the effective yield earned by the foreign investor.
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