Suppose you are a U.S. investor who is planning to invest $295,000 in Japan. You do so at a starting exchange rate of 85.98¥/$. Your Japanese investment gains 8.70 percent, and the ending exchange rate is 84.26¥/$. What is your total return on this investment? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

Suppose you are a U.S. investor who is planning to invest $295,000 in Japan. You do so at a starting exchange rate of 85.98¥/$. Your Japanese investment gains 8.70 percent, and the ending exchange rate is 84.26¥/$. What is your total return on this investment? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

International Financial Management

14th Edition

ISBN:9780357130698

Author:Madura

Publisher:Madura

ChapterP2: Part 2: Exchange Rate Behavior

Section: Chapter Questions

Problem 1Q

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