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Assume you are an American investor. The euro suddenly changes in value against the dollar moving from an exchange rate of $0.8909/ to $0.8709/. Thus,

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Assume you are an American investor. The euro suddenly changes in value against the dollar moving from an exchange rate of $0.8909/ to $0.8709/. Thus, the euro has _______ by appreciated; 2.30% depreciated; 2.30% depreciated; 2.25% appreciated; 2.25%

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