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An American resident purchased 200 shares of a German company one year agoIn the one year period, the share price rose 12% in terms of

An American resident purchased 200 shares of a German company one year agoIn the one year period, the share price rose 12% in terms of the euro (Ri = 0.12) while the euro appreciated 4against the US dollar 0.04) What is the return on investment for the US resident if he sells his shares today in US dollars?

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