What was the investors return on us100000 dollar

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Reference no: EM13336129

An investor in the United States bought a one-year Singapore security valued at 150,000 Singapore dollars. The U.S. dollar equivalent was US$100,000. The Singapore security earned 15 percent during the year but the Singapore dollar depreciated 5 cents against the U.S. dollar during the same time period (US$0.67/S$ to US$0.62/S$).

After transferring the funds back to the United States, what was the investor's return on his US$100,000?

Reference no: EM13336129

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