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Suppose you are a Singaporean investor who purchased Austrian securities for EUR8,500 one year ago when the SGD/EUR exchange rate was 1.80 SGD per EUR.
Suppose you are a Singaporean investor who purchased Austrian securities for EUR8,500 one year ago when the SGD/EUR exchange rate was 1.80 SGD per EUR. During the past year no dividends were paid on your Austrian securities. At the onset of the coronavirus pandemic, you sold your Austrian securities for EUR8,800 and the exchange rate was 1.75 SGD per EUR. What is your total return in percentage based on SGD?
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