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A US investor purchased Canadian stocks at the beginning of the year in which the Canadian stock increased in valued by 18%. Assume that the

A US investor purchased Canadian stocks at the beginning of the year in which the Canadian stock increased in valued by 18%. Assume that the exchange rate C$/U$ was 1.1255 at the beginning of the year and 1.2575 at the end of the year. What was the investors effective return?

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