Assume that you have invested $100,000 in Japanese equities. When purchased, the stock's price and the exchange
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Question:
Assume that you have invested $100,000 in Japanese equities. When purchased, the stock's price and the exchange rate were 100 and 100/$1.00 respectively. At selling time, one year after purchase, they were 110 and 110/$1.00. If the investor had sold 10,000,000 forward at the forward exchange rate of 105/$1.00. What would be the dollar rate of return?
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