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Calculate the dollar-based percentage return an American would have if she bought a British stock at 50 per share and sold it one year later
Calculate the dollar-based percentage return an American would have if she bought a British stock at 50 per share and sold it one year later at 60. The spot exchange rate when she bought the stock was $1.50-1 and the spot rate prevailing when she sold the stock was $1.20- 1 Multiple Choice 36 percent gain 4 percent loss 9.6 percent gain none of the options
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