John Crossborder buys 1 share of Telmex at 140 pesos when thevalue of the peso is stated in dollars at $0.35. One yearlater, Telmex is selling for 160 pesos. If after 1 year thevalue of the pesos is $0.29, what will John\'s rate of return be inU. S. dollars?

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To solve this problem we need to calculate the rate of return in US dollar... View the full answer