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You live in the United States. You buy a Brazilian bond with for 75 percent of face value when 1 Brazilian Real = $0.62. The
You live in the United States. You buy a Brazilian bond with for 75 percent of face value when 1 Brazilian Real = $0.62. The bond has a coupon rate of 15 percent. One year later you sell the bond for 78 percent of face value when 1 Brazilian Real = $0.50. Calculate your rate of return. Express your answer in percent to the nearest 0.1%.
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