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Question
An investor starts with 1 million and converts it to 694,500, which is then invested for one year. In a year the investor has 736,170, which she then converts back to euros at an exchange rate of 0.68 pounds per euro. The annual euro rate of return earned was _____.
A. 7.55%
B. 6.00%
C. 7.45%
D. 8.13%
E. 8.26%
Answer
This answer is hidden. It contains 28 characters.
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