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Suppose you bought a share of Swatch for 36.25 Swiss Francs (SFR). At that time the exchange rate was $0.3885/SFR. One year later the price
Suppose you bought a share of Swatch for 36.25 Swiss Francs (SFR). At that time the exchange rate was $0.3885/SFR. One year later the price of Swatch rose to 42.75 SFR and the exchange rate moved to $0.3552/SFR. What was your percentage return on your investment?
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