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Suppose you are a U.S. investor who is planning to invest $265,000 in Japan. You do so at a starting exchange rate of 85.68=/$. Your
Suppose you are a U.S. investor who is planning to invest $265,000 in Japan. You do so at a starting exchange rate of 85.68=/$. Your Japanese investment gains 8.4 percent, and the ending exchange rate is 90.05=/$. What is your total return on this investment? (Do hot round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)
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