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Emerald Energy is an oil exploration and production company that trades on the London stock market. Assume that when purchased by an international investor the stock's price and the exchange rate were £5 and £0.64/$1.00 respectively. At selling time, one year after the purchase date, they were £5.4 and £0.60/$1.00. Calculate the investor's annual percentage rate of return in terms of the U.S. dollars.
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Tommie Harris is considering an investment that pays 6.5 percent annually. How much must he invest today such that he will have $25,000 in seven years? (Round to the nearest dollar.)
Maria Hernandez was reviewing her recent bank credit card account statement when she found two charges that she and Victor could not have made. The charges were for rental of a hotel room and purchase of a meal on the same day in a distant city. T..
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