3. During the year, Toyota Motor Company shares went from 9,000 to 11,200, while paying a dividend...

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3. During the year, Toyota Motor Company shares went from ¥9,000 to ¥11,200, while paying a dividend of

¥60. At the same time, the exchange rate went from

€1 = ¥188 to €1 = ¥156. What was the total euro return, in percent, on Toyota stock for the year?

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International Financial Management

ISBN: 9781118929322

10th Edition

Authors: Alan C. Shapiro, Peter Moles

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