Suppose a U.S. investor wishes to invest in a British firm currently selling for 60 per...
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Suppose a U.S. investor wishes to invest in a British firm currently selling for £60 per share. The investor has $6,000 to invest, and the current exchange rate is $2/£. Suppose now the investor also sells forward £3,000 at a forward exchange rate of $2.10/£. Calculate the dollar-denominated returns for each scenario. (Round your answers to 2 decimal places. Negative amou should be indicated by a minus sign.) XAnswer is not complete. Price Rate of Return (%) at Given Exchange Rate per Share Exchange Rate: $1.80/£ $2.00/£ $2.20/£ (£) 54 (5.50) X % 59 % 64 % Suppose a U.S. investor wishes to invest in a British firm currently selling for £60 per share. The investor has $6,000 to invest, and the current exchange rate is $2/£. Suppose now the investor also sells forward £3,000 at a forward exchange rate of $2.10/£. Calculate the dollar-denominated returns for each scenario. (Round your answers to 2 decimal places. Negative amou should be indicated by a minus sign.) XAnswer is not complete. Price Rate of Return (%) at Given Exchange Rate per Share Exchange Rate: $1.80/£ $2.00/£ $2.20/£ (£) 54 (5.50) X % 59 % 64 %
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