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What is domestic return

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You are an American investor who has found an excellent opportunity to invest in Germany (the German currency is now the Euro). When you made the investment, the Euro/USD exchange rate was $1.14. Your investment did very well and earned 12.2%. At the end of your investment horizon, the exchange rate is now $1.16 Euro/USD. What is your domestic return? State your answer as a percentage with two decimal places and not in decimal form (i.e. 13.21 not .1321).

Reference no: EM133060295

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