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If a U.S. resident just sold shares in a British firm that had a 15% return (in pounds) during a period when the pound depreciated
If a U.S. resident just sold shares in a British firm that had a 15% return (in pounds) during a period when the pound depreciated 5%, the dollar return of the investment is:
- 10%
- 15%
- 9.25%
- 5%
- none of the above
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