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 $2.10/.

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 () f 39 Exchange Rate: Rate of Return (%) at Given Exchange Rate $1.80/ $2.00/ $2.20/ % % % % % 44 % % 49 2