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You are a U.S. investor who invested $425,000 in India five years ago. Assume that your investment gained 8 percent per year. If the exchange
You are a U.S. investor who invested $425,000 in India five years ago. Assume that your investment gained 8 percent per year. If the exchange rate moved from 70.2 rupees per dollar to 72.5 rupees per dollar over the five-year period, what was your total return on this investment?
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