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uppose a U.S. investor wants to invest in a British firm currently selling for 50 per share. The investor has $7,000 to invest, and the

uppose a U.S. investor wants to invest in a British firm currently selling for 50 per share. The investor has $7,000 to invest, and the current exchange rate is $1.40/. After 1 year, the exchange rate is unchanged and the share price is 60. What is the pound-denominated return? A. 20% B. 10% C. 9.3% D. 7.5% C.5.8%

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