Investor annual percentage rate of return in terms

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The firm is an oil exploration and production company that trades in London. Assume that when purchased by an international investor the stock's price and the exchange rate were £4.5 and £0.64/$1.00 respectively. At selling time, one year after the purchase date, they were £6 and £0.60/$1.00. Calculate the investor's annual percentage rate of return in terms of the U.S. dollars.

Reference no: EM131556498

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