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Suppose a Bangladeshi investor obtains Indian rupees when the rupee is worth Rs. 0.68 and invests in a one-year money market security that provides a

Suppose a Bangladeshi investor obtains Indian rupees when the rupee is worth Rs. 0.68 and invests in a one-year money market security that provides a yield (in rupee) of 15%. At the end of one year, the investor converts the proceeds from the investment back to BDT at the prevailing spot rate of Rs. 0.71 per BDT. Calculate the effective yield of the investor.

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