Answer the following question concerning the rate of return of an Australian investor who invests in the
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Answer the following question concerning the rate of return of an Australian investor who invests in the France. After 1 year of investment, the investor finds that the return denoted in Euro is 7.2%. The exchange rates are 1 Euro to 1.353 AUD at the start of the year, and 1 Euro to 1.408 AUD at the end of the year. What is the return in domestic currency (i.e. AUD) in % and two decimal places?
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Exploring Management
ISBN: 978-1119231936
5th edition
Authors: John R. Schermerhorn, Daniel G. Bachrach
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