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Suppose a U.S. investor wishes to invest in a British firm currently selling for 120 per share. The investor has $36,000 to invest, and the
Suppose a U.S. investor wishes to invest in a British firm currently selling for 120 per share. The investor has $36,000 to invest, and the current exchange rate is $2/. Suppose now the investor also sells forward 18,000 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.)
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