A South Korean firm invested $15 Million in pure-discount U.S. bonds in January 2000 when the exchange rate was 70 won per dollar. The company liquidated the investment one year later for $15.04 Million. The exchange rate turned out to be 95 won per dollar at the time of liquidation. What rate of return did the SK firm realize on this investment in won terms?

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To calculate the rate of return realized by the South Korean SK firm on this investment in won terms ... View the full answer