Question: Decompose the return an American would have if he had bought a German stock at 100 per share and sold it one year later at
Decompose the return an American would have if he had bought a German stock at 100 per share and sold it one year later at 120. The spot exchange rate one year ago was $1.50 = 1 and the spot rate prevailing at the end of the year was $1.55 = 1.
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