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14. Question 14 (5 points) Mary Chalmers, who lives in Minnesota, purchased 100 shares of Delton Cables, a diversified machinery company headquartered in Germany. She
14.
Question 14 (5 points) Mary Chalmers, who lives in Minnesota, purchased 100 shares of Delton Cables, a diversified machinery company headquartered in Germany. She purchased the stock in January of 2011 for 62.50 per share when the exchange rate was at $1.330/. Today, the stock is trading for 68.00 per share and the exchange rate is $1.48/. If Mary sells her shares today, what is the return on her investment due to changes in the exchange rate (the percentage change in the value of euro versus the dollar)? 1.50% 3.33% 11.28% 18.25% Step by Step Solution
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