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An investor in the United States bought a one year Brazilian security valued at 230,000 Brazilian reals (R$). The U.S. d
Posted: Mon May 02, 2022 7:32 am
by answerhappygod
- An Investor In The United States Bought A One Year Brazilian Security Valued At 230 000 Brazilian Reals R The U S D 1 (21.94 KiB) Viewed 31 times
An investor in the United States bought a one year Brazilian security valued at 230,000 Brazilian reals (R$). The U.S. dollar equivalent was $180,000 The Brazilian security earned 18 percent during the year, but the Brazilian real depreciated 5 cents against the US dollar during the time period (5078 to $073) After transferring the funds back to the United States, what was the investor's return on her $180,000? (Do not round intermediate calculations, Input your answer as a percent rounded to 2 decimal places.) Investor's rate of return in US terms %