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During the year, the price of UK government bonds went from GBP104 to GBP110 while paying a coupon of GBP15 At the same time, the
During the year, the price of UK government bonds went from GBP104 to GBP110 while paying a coupon of GBP15 At the same time, the exchange rate went from USD1.70 = GBP1 to USD1.58 = GBP1. Calculate exactly what is the total USD percentage (%) return for the year? Briefly, but very clearly and explicitly explain your answer. Show all calculation and Working
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