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An American investor achieved a 5 0 % return in Turkish Lira ( TRY ) from his stock investment in Turkey. Given that the USD

An American investor achieved a

50 %

return in Turkish Lira

(

TRY

)

from his stock investment in Turkey. Given that the USD

/

TRY exchange rate rose from

10

20

throughout the investor's investment period, what is the percentage return on investment for the investor?

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