If a U.S. investor bought a portfolio of Japanese stocks at 102 yen to a U.S.dollar and the portfolio loses 20% over the year, what is the rate of return for the portfolio if the exchange rate at the end of the year is 81yen to a U.S. dollar?

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The Answer of If a U.S. investor bought a portfolio of Japanese stocks at 102 yen to a U.S.dollar and the portfolio loses 20% over the year, what is the rate of return for the portfolio if the exchange rate at the end of the year is 81yen to a U.S. dollar?

If a US Investor Bought a Portfolio of Japanese Stocks at 102