Calculate the dollar rate of return on a 10,000 pound sterling deposit in a London bank in a year when the interest rate on pounds is 6 percent and the dollar/pound exchange rate moves from $1.46 per pound to $1.77 per pound. The rate of return will be nothing percent (Enter your response as a percentage rounded to one decimal place.)
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Calculate the dollar rate of return on a 10,000 pound sterling deposit in a London bank in a year wh...
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