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Suppose a U.S. Investor wishes to invest in a British firm currently selling for 30 per share. The investor has $14,400 to invest, and the

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Suppose a U.S. Investor wishes to invest in a British firm currently selling for 30 per share. The investor has $14,400 to invest, and the current exchange rate is $2/. Suppose now the investor also sells forward 7,200 at a forward exchange rate of $2.05/. 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 ) Rate of Return (%) at Given Exchange Rate $1.30/E $2.00/ $2.2016 Exchange Rate: L 31 5.50%

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