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Suppose a U.S. investor wishes to invest in a British firm currently selling for 20 per share. The investor has $13.600 to invest, and the

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Suppose a U.S. investor wishes to invest in a British firm currently selling for 20 per share. The investor has $13.600 to invest, and the current exchange rate is $24. Suppose now the investor also sells forward 6.800 at a forward exchange rate of $1.90. Calculate the dollar-denominated returns for each scenario. (Round your answers to 2 decimal places. Negative amounts should be Indicated by a minus slgn.) Price per Share (E) Exchange Rate: Rate of Return (%) at Given Exchange Rate $1.80/E $2.00/ $2.20/E 96 96 16 21 96 %6 % 28 96 %

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