Show all working Question 7 17 marks) You are an American holding some French...
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Question 7 17 marks) You are an American holding some French stocks. Over the year, the value of your French stock portfolio goes from 3.1 million to 3.4 million. The exchange rates move from $1 per euro to $0.96 per euro over the same year. (a) What is your portfolio's rate of return in euros? (2 marks) (b) What is your portfolio's rate of return in dollars? (2 marks) (C) Is the difference between the US dollar return and the euro return exactly equal to the percentage movement in the exchange rate? If not, why
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