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During February 2005, a U.S investor investing in the German stock market earned a return of -1.47%. During the same month, a Germany investor investing

During February 2005, a U.S investor investing in the German stock market earned a return of -1.47%. During the same month, a Germany investor investing in her local stock market earned a return of 2.358%. The exchange rate at the end of February was 0.7672 /$. What was the exchange rate (/$) at the end of January?

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