Essay
John Crossborder buys 1 share of Telmex at 140 pesos when the value of the peso is stated in dollars at $0.35.One year later,Telmex is selling for 155 pesos and paid a dividend of 5 pesos during the year.If after 1 year the value of the pesos is $0.29,what will John's rate of return be in U.S.dollars?
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