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From the investment in the US mutual fund, provide the possible profit or loss in terms of USD based on the spot exchange rate of
- From the investment in the US mutual fund, provide the possible profit or loss in terms of USD based on the spot exchange rate of $1.65. Then described is the US mutual fund had it originally hedged its initial investment in the UK shares. Compute the USD based annualized rate of return. Explain the result if its USD denominated profit and rate of return, had it not hedged.
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