Last year, the exchange rate between the U.S. dollar and Australian dollar was $0.7678/A$. Today, the exchange rate is $0.7801/A$. If a U.S. investor had invested $100 last year in a one-year Australian security that yielded 9 percent, what is the U.S. dollar rate of return on this investment?

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The Answer of Last year, the exchange rate between the U.S. dollar and Australian dollar was $0.7678/A$. Today, the exchange rate is $0.7801/A$. If a U.S. investor had invested $100 last year in a one-year Australian security that yielded 9 percent, what is the U.S. dollar rate of return on this investment?

Last Year, the Exchange Rate Between the U