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In August 2021, a Colombian investor closes out an Indonesia stock trade. The Indonesian stock return was 37% before currency translation. During the holding period,
In August 2021, a Colombian investor closes out an Indonesia stock trade. The Indonesian stock return was 37% before currency translation. During the holding period, the Indonesian currency fell by 10% in terms of Colombian currency.
What was the Colombian investors return on this stock trade (after currency translation)? (Answer in percent, without a percentage sign, and rounded to two decimals.)
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