Problem $19-5($Algo$)$

Suppose a U$.$S$.$ investor wishes to invest in a British firm currently selling for $40$ per share. The investor has

$$12,000$ to invest, and the current exchange rate is $$\frac{2}{}.$

Suppose now the investor also sells forward $6,000$ at a forward exchange rate of $$\frac{1\mathrm{.}90}{}.$

Required:

a$.$ Calculate the dollar$-$denominated returns for each scenario. $($Round your percentage answers to $2$ decimal

places. Negative amounts should be indicated by a minus sign.$)$