Problem $19-5($Algo$)$

Suppose a U$.$S$.$ investor wishes to invest in a British firm currently selling for $\backslash (33\backslash )$ per share. The investor has $\backslash (\backslash$$ $66,000\backslash )$ to invest, and the current exchange rate is $\backslash (\backslash$$ $2\backslash )$ per $\backslash (\backslash ).$

Suppose now the investor also sells forward $\backslash (33,000\backslash )$ at a forward exchange rate of $\backslash (\backslash$$ $2\mathrm{.}05\backslash )$ per $\backslash (\backslash ).$

Required:

Calculate the dollar$-$denominated returns for each scenario.

Note: Round your percentage answers to $2$ decimal places. Negative amounts should be indicated by a minus sign.Price per Share $()$