Suppose a U.S. investor wishes to invest in a British firm currently selling for 40 per share. The investor has $12,000 to invest, and the current exchange rate is $2/. Suppose now the investor also sells forward 6,000 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 sign.)

Suppose a U.S. investor wishes to invest in a British firm currently selling for 40 per share. The investor has $12,000 to invest, and the current exchange rate is $2/. Suppose now the investor also sells forward 6,000 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 sign.) Price per Share () Exchange Rate: f 36 Rate of Return (%) at Given Exchange Rate $1.80/ $2.00/ $2.20/ (17.28) % (16.67)% (16.16) % (2.98) % (2.44) % (2.00) % 8.21% 8.70% 9.09% f 41 f 46