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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
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 $2 per .Suppose now the investor also sells forward 6,800 at a forward exchange rate of $1.90 per .Calculate the dollar-denominated returns for each scenario.
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