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BierCo is a beer company based in Germany. You purchased the stock five (5) years ago for 110.32 Euros when the exchange rate was 1.17
BierCo is a beer company based in Germany. You purchased the stock five (5) years ago for 110.32 Euros when the exchange rate was 1.17 USD/EUR. Today BierCo's price is 134.25 Euros and the exchange rate is 1.42 USD/EUR. What is the dollar-denominated average annual return (not the total return over the entire period)? Express your answer in decimal format, e.g., enter 0.0123 to represent 1.23%. [Hint: You could use map this problem into the "fab 5."]
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