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Business, 15.12.2020 16:30 starburst2005

Suppose an American investor buys a share of a UK stock priced at 10 and sells the stock one year later at 11 after collecting a 1 dividend per share (pays at YE). Suppose his spot rates at purchase and sold are: $1.50= 1 and $1.45= 1 respectively.

Calculate his USD pretax return, enter percentage round to 2 decimal places.

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