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Consider the following returns: Note that the exchange rate is stated as beginning of period dollars for pounds. What is the average return in each

image text in transcribed Consider the following returns: Note that the exchange rate is stated as beginning of period dollars for pounds. What is the average return in each market from the point of view of a US investor and of a UK investor? Given the data in problem 1, what is the standard deviation of return from the point of view of a US investor and of a UK investor? Here are data on five mutual funds

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