2019-09-12 $0.57 2019-06-13 $0.57 2019-03-14 $0.57 2018-12-13 $0.57 2018-09-13 $0.52 Two Parties, John & Abraham both enter an investment worth 50 shares each from their respective countries on April 15, 2019 at a per share price of $141.44 and exit the market on March 12, 2020 at a price of $145.24. John falls in the ordinary income tax-bracket of 28% while Abraham's foreign investment income is taxed at 15%. For their investment horizon the exchange rate has moved as follows: Exchange Rate Movements during Investment Horizon Date April 15, 2019 June 13, 2019 September 12, 2019 December 12, 2019 March 12, 2020 March 12,2020 Compute the before-tax HPR and IRR for John based on USD earnings. Compute the after-tax HPR and IRR for John based on USD earnings Exchange Rate* SGD1.35291/$ SGD1.3669/$ SGD1.37774/$ SGD1.35719/$ $0.71628/SGD $0.70514/SGD