Assume that 3 years ago, the exchange rate between Currency A and Currency B was B10.092/A. Today, B10.121/A. What was the arithmetic average annual return on Currency A (relative to B) over the last 3 years? Go out four decimals - for example, write 3.72% as .0372. Answer:
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- Initial exchange rate (3 years ago): \( B10.092/A \) - Final exchange rate (today): \( B10.121/A \) Show more…
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