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Q 8 . 4 . [ Returns accounting for FX ] Here are data on stock market returns and exchange rate changes during 1 9

8.4 . [

Returns accounting for FX

]

Here are data on stock market returns and exchange rate

changes during

1988

for

12

stock markets. Determine the dollar return on each of the following

markets from the perspective of an American investor: Australia, Italy, UK

.

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