An investor in Canada purchased 100 shares of IBM on January 1 at $93.00 per share. IBM

Question:

An investor in Canada purchased 100 shares of IBM on January 1 at $93.00 per share. IBM paid an annual of $0.72 on December 31. The stock was sold that day as well for $100.25. The was $0.68 per Canadian dollar on January 1 and $0.71 per Canadian dollar on December 31. What is the investor’s total return in Canadian dollars?

Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their... Exchange Rate
The value of one currency for the purpose of conversion to another. Exchange Rate means on any day, for purposes of determining the Dollar Equivalent of any currency other than Dollars, the rate at which such currency may be exchanged into Dollars...