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What is the dollar-denominated return in percentage

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Question - Suppose a U.S. investor wishes to invest in a British firm currently selling for 50 pounds per share by buying 200 shares of the British firm. The current exchange rate is $1.31 per pound. After one year, the exchange rate is $1.60 per pound and the share price is 59 pounds per share. What is the dollar-denominated return in percentage? Enter your answer rounded to two decimal places.

Reference no: EM132574557

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