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Currently the British pound is trading at 0.41 per Australian dollar. A year ago, it was trading for 0.43 per A$. If the return on

Currently the British pound is trading at £0.41 per Australian dollar. A year ago, it was trading for £0.43 per A$. If the return on the British stock had been 20% in the last year, what would have been the net return earned by an Australian investor?

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