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A U. S. investor purchased Canadian securities for Canadian $2,000 one year ago when the...

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Finance

A U. S. investor purchased Canadian securities for Canadian $2,000 one year ago when the Canadian dollar cost US $0.75. Currently the market value of the securities is Canadian $2,400 and dividend yield is 3% for the investment period. What is the rate of return if Canadian $ is worth US $0.73 now?

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