Determine total return on investment, Finance Basics

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Determine total return on investment

Problem:

Suppose you are a U.S. investor who is planning to invest $965,000 in Mexico. Your Mexican investment gains 11.8 percent. If the exchange rate moves from 14.0 pesos per dollar to 14.3 pesos per dollar over the period,

Required:

Question: What is your total return on this investment?

Note: Please show how to work it out.

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Finance Basics: Determine total return on investment

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Finance Basics: Determine total return on investment

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