Question
An investor in the United States bought a one year Brazilian security valued at 400,000 Brazilian reals ,(R$). The United dollar was $350,000. The Brazilian
An investor in the United States bought a one year Brazilian security valued at 400,000 Brazilian reals ,(R$). The United dollar was $350,000. The Brazilian security warned 11 percent during the year but the Brazilian real depreciated 5 cents against the U.S. dollar during the time period ($.88 to $83)
After transferring the funds back to the United States, what was the investors return on her $350 000? (please do not round intermediate calculations. please input your answer as a percent round to 2 decimal places).
The investor rate of return in U.S terms is what percent.
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