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[LO21-2] An investor in the United States bought a one-year Brazilian security valued at 200,000 Brazilian reals (R$). The U.S. dollar equivalent was $150,000. The
[LO21-2] An investor in the United States bought a one-year Brazilian security valued at 200,000 Brazilian reals (R\$). The U.S. dollar equivalent was $150,000. The Brazilian security earned 20 percent during the year, but the Brazilian real depreciated 5 cents against the U.S. dollar during the time period ($0.75 to $0.70 ). After transferring the funds back to the United States, what was the investor's return on her $150,000 ? Note: Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places
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