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Suppose Jessica, Linda, and Wayne invested $400,000,000 in Japan. The exchange rate at the time they...

Suppose Jessica, Linda, and Wayne invested $400,000,000 in Japan. The exchange rate at the time they did so was 95.50 ¥/$. Their Japanese investment gained 10.5 percent during the year they invested. The ending exchange rate is 99.60 ¥/$. What was the dollar return on their investment? Hint: Obviously, you need to convert dollars to Yen now, and back again in a year. SHOW YOUR WORK

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