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Given the following information for an investor in USA, who has bought shares of a firm in UK: ( P = Share price; X =
Given the following information for an investor in USA, who has bought shares of a firm in UK: ( P = Share price; X = Exchange rate) P0 = GBP 10; P1 = GBP 12; X0 = USD1.2/GBP; X1 = USD 1.25/GBP; Calculate the returns for the investor in US$ terms:
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