Problem $19-5($Algo$)$

Suppose a U$.$S$.$ investor wishes to invest in a British firm currently selling for $30$ per share. The investor has $$6,000$ to invest, and the

current exchange rate is $$\frac{2}{}.$

Suppose now the investor also sells forward $3,000$ at a forward exchange rate of $$\frac{1\mathrm{.}95}{}.$

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.$)$