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A U.S. portfolio manager invests $1,000,000 in U.K. for a year and earns 17% on the...

A U.S. portfolio manager invests $1,000,000 in U.K. for a year and earns 17% on the investment while the spot rate moves from USD1.5000/GBP to USD1.5645/GBP. What is her total return?

4.88%

18.90%

15.50%

14.73%

22.03%
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