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You invested in stock market in Brazil a year ago and has a return of -20% over that period due to Brazil's poor handling of

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You invested in stock market in Brazil a year ago and has a return of -20% over that period due to Brazil's poor handling of the Covid-19 pandemic. You plan to bring those money back to the US on December 31st for tax reason. The Brazilian currency also depreciated by 25% against the US dollar for the year. How much did you lose in domestic term? 0 -20% 0 -25% 0 -40% +45%

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