CH 19 QUIZ 50

CH  19  QUIZ 50
 An investment in Mexico produces a return of 80 percent. However, the Mexican peso has just declined
by 45 percent relative to the dollar. The previous value of the peso was $.0066. The adjusted return on
the investment is
A. 42 percent gain
B. 8.5 percent loss
C. 1.0 percent loss
D. None of the above

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