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Which of the following statements is incorrect ? A US investor invests in a Chinese stock that is denominated in Chinese yuan. She will have
Which of the following statements is incorrect?
A US investor invests in a Chinese stock that is denominated in Chinese yuan. She will have an increase in her dollar-denominated return if the Chinese yuan strengthens against the dollar |
The standard deviation of returns, calculated as the square root of the variance of returns, is a measure of total risk of an asset or portfolio. |
International mutual funds offer investors global diversification without exchange rate risk. |
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