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Problem 21-5 Adjusting returns for exchange rates [LO 21-2] An investor in the United States bought a one-year Brazilian security valued at 320,000 Brazilian reals
Problem 21-5 Adjusting returns for exchange rates [LO 21-2] An investor in the United States bought a one-year Brazilian security valued at 320,000 Brazilian reals (R$). The U.S. dollar equivalent was $270,000. The Brazilian security earned 17 percent during the year, but the Brazilian real depreciated 5 cents against the U.S. dollar during the time period ($0.84 to $0.79). points After transferring the funds back to the United States, what was the investor's return on her $270,000? (Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.) Skipped Investor's rate of return in U.S. terms
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