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What is the approximate return for a U . S . investor investing in a Brazilian equity fund denominated in the Brazilian real if the

What is the approximate return for a U

.

.

investor investing in a Brazilian equity fund denominated in the Brazilian real if the fund increases by

7 %,

and the Brazilian real depreciates by

8 % ? 15 % 7 % - 1 %

SUBMI

69

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