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An investor in the United States bought a one-year Brazilian security valued at 230,000 Brazilian reals (R$) The U.S. dollar equivalent was $180,000. The
An investor in the United States bought a one-year Brazilian security valued at 230,000 Brazilian reals (R$) The U.S. dollar equivalent was $180,000. The Brazilian security earned 18 percent during the year, but the Brazilian real depreciated 5 cents against the U.S. dollar during the time period ($0.78 to $0.73). After transferring the funds back to the United States, what was the investor's return on her $180,000? (Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.) Investor's rate of return in US terms %
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