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Business, 17.12.2019 06:31 maelonramirez

Calculate the dollar-based percentage return an american would have if he bought a british stock at ₤50 per share and sold it one year later at ₤60.

the spot exchange rate one year ago was $1.50 = ₤1 and the spot rate prevailing at the end of the year was $1.20 = ₤1.

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