In the previous problem, what would the total return be if the ending exchange rate were 88.65/$?
Question:
In the previous problem, what would the total return be if the ending exchange rate were 88.65¥/$? What does your answer tell you about the importance of currency fluctuations?
In the previous problem
Suppose you are a U.S. investor who is planning to invest $125,000 in Japan. You do so at a starting exchange rate of 84.28¥/$. Your Japanese investment gains 7 percent, and the ending exchange rate is 82.56¥/$. What is your total return on this investment?
Exchange RateThe 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...
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Related Book For 
Fundamentals of Investments Valuation and Management
ISBN: 978-0078115660
7th edition
Authors: Bradford Jordan, Thomas Miller
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