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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 $6,000 to invest, and the
Suppose a U.S. Investor wishes to invest in a British firm currently selling for 30 per share. The investor has $6,000 to invest, and the current exchange rate is $2/. Required: a. How many shares can the investor purchase? (Round your answer to the nearest whole number.) Number of shares b. Fill in the table below for dollar-denominated rates of return after one year in each of the nine scenarios (three possible share prices denominated in pounds times three possible exchange rates). (Round your percentage answers to 2 decimal places. Negative amounts should be indicated by a minus sign.) Price per Dollar-Denominated Return (%) for $1.60/E $2.00/ -End Exchange Rate $2.40/ Share (E) 26 Pound-Denominated Return (%) % % % % % % 31 % % % % 36 % % Y
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