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Suppose a U . S . investor wishes to invest in a British firm currently selling for 4 0 per share. The investor has $
Suppose a US investor wishes to invest in a British firm currently selling for per share. The investor has $ to invest, and the current exchange rate is $
Required:
a How many shares can the investor purchase? Round your answer to the nearest whole number.
Number of shares
b Fill in the table below for dollardenominated rates of return after one year in each of the nine scenarios three possible share prices denominated in pounds times three possible exchange ratesRound your percentage answers to decimal places. Negative amounts should be indicated by a minus sign.
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