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The spot exchange rate was 0.50/$1.00. The investor also sold 50,000 forward at the forward exchange rate of 0.55/$1. One year later, the equity price
The spot exchange rate was 0.50/$1.00. The investor also sold 50,000 forward at the forward exchange rate of 0.55/$1. One year later, the equity price moved to 45, and the spot exchange rate became 0.60/$1.00. The dollar rate of return would be
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