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Suppose you are a U.S. investor who is planning to invest $185,000 in Japan. You do so at a starting exchange rate of 84.88/$. Your
Suppose you are a U.S. investor who is planning to invest $185,000 in Japan. You do so at a starting exchange rate of 84.88/$. Your Japanese investment gains 7.60 percent, and the ending exchange rate is 83.16/$. What is your total return on this investment? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)
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