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Question 20 8 pts You invested $400 million worth of PetroBras, the largest oil company in Brazil, in 2002. The stock price o

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Answer #1

Appreciated against US$ by 200% means that the value became thrice of earlier

Return in Brazilian Real = (60-5)/5 = 1,100%

Hence, return in US Dollar terms = 1100*3 = 3300%

Or 3300/6 = 550% per annum

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