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Suppose you are a U.S. investor who is planning to invest $245,000 in Japan. You do so at a starting exchange rate of 85.48 ¥/$. Your Japanese investment gains 8.2 percent, and the ending exchange rate is 89.85 ¥/$. What is your total return on this investment? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Omit the "%" sign in your response.)

Total return %

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91418223

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