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Suppose a U . S . investor wishes to invest in a British firm currently selling for 1 0 0 per share. The investor has

Suppose a U.S. investor wishes to invest in a British firm currently selling for 100 per share. The investor has $24,000 to invest, and
the current exchange rate is $2.
Suppose now the investor also sells forward 12,000 at a forward exchange rate of $1.90.
Required:
a. Calculate the dollar-denominated returns for each scenario. (Round your percentage answers to 2 decimal places. Negative
amounts should be indicated by a minus sign.)
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