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Suppose you buy shares of a British company for GBP10.00 and sell the shares for GBP18.46. Over the same time period the GBP exchange rate

Suppose you buy shares of a British company for GBP10.00 and sell the shares for GBP18.46. Over the same time period the GBP exchange rate increased from USD1.22/GBP to USD1.31/GBP. Calculate your USD return expressed in percentage terms (i.e. 5%). Do not include the percentage sign.

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