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Ox Investment is an international asset manager from Australia. The fund invested significantly in the Japanese equity market over the last two years. The exchange rate was Yen120/AUD two years ago. The Nikkei Index has performed well relatively from 15000 to 16000 points. At the same time, the ASX200 stock market has increased from 5000 to nearly 7000 points. The current exchange rate is Yen140/AUD. A) Compute the rate of return on the investment in AUD terms. Show all the workings.
Sagot :
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