You are a U.S. investor who purchased British securities for 2,000 one year ago when the British
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You are a U.S. investor who purchased British securities for £2,000 one year ago when the British pound cost U.S. $1.50. What is your total return (based on U.S. dollars) if the value of the securities is now £2,400 and the pound is worth $1.75? No dividends or interest were paid during this period.
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