Suppose a U.S. investor wishes to invest in a British firm currently selling for 40 per share. The investor has $12,000 to invest, and the current exchange rate is $2/.

Suppose now the investor also sells forward 6,000 at a forward exchange rate of $2.1/.

Calculate the dollar-denominated returns for each scenario. (Round your answers to 2 decimal places. Negative amounts should be indicated by a minus sign. Leave no cells blank be certain to enter '0' wherever required. Omit the "%" sign in your response.)

Price per Share ()	Exchange Rate:	Rate of return (%) at Given Exchange Rate
		$1.80/	$2.00/	$2.20/
39		%	%	%
44		%	%	%
49		%	%	%