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Suppose you are a U.S. investor who is planning to invest $205,000 in Japan. You do so at a starting exchange rate of 85.08/$.
Suppose you are a U.S. investor who is planning to invest $205,000 in Japan. You do so at a starting exchange rate of 85.08\/$. Your Japanese investment gains 7.80 percent, and the ending exchange rate is 83.36\/$. What is your total return on this investment? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Total return %
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Business Math
Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble
10th edition
133011208, 978-0321924308, 321924304, 978-0133011203
