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Stock M was selling at Euro28 last year. Suppose the price of stock Z in Italy appreciates by 8%, while the European Euro appreciates by

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Stock M was selling at Euro28 last year. Suppose the price of stock Z in Italy appreciates by 8%, while the European Euro appreciates by 5% against the Japanese Yen. What is the total return to the Japanese investor? A) 3.00% B) 2.60% C) 14.00% D) 13.40% E) 13.00%

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