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Suppose a U.S. investor wishes to invest in a British firm currently selling for 24 per share. The investor has $48,000 to invest, and the

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Suppose a U.S. investor wishes to invest in a British firm currently selling for 24 per share. The investor has $48,000 to invest, and the current exchange rate is $2/. Suppose now the investor also sells forward 24,000 at a forward exchange rate of $1.90/. Required: a. Caiculate the dollar-denominated returns for each scenario. (Round your percentage answers to 2 decimal places. Negative amounts should be indicated by a minus sign.)

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