Question: A U.S. portfolio manager invests $1,000,000 in U.K. for a year and earns 17% on the investment while the spot rate moves from USD1.5000/GBP to

A U.S. portfolio manager invests $1,000,000 in U.K. for a year and earns 17% on the investment while the spot rate moves from USD1.5000/GBP to USD 1.5645/GBP. What is her total return? 22.03% 15.50% 18.90% 4.88% 14.73% A Moving to another question will save this response. Question 3 of 27
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